Explain What the Functional Perspective on Communication Means

question 2

Essay

Explain what the functional perspective on communication means. What does this perspective say about the reasons why we communicate?

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Definitions:

Minimum Compensating Balance

The lowest balance that a business must maintain in its bank account as a requirement for banking services or loans.

Line-Of-Credit

A financial arrangement in which a bank or other lender provides a maximum loan amount that the borrower can draw from as needed, but does not exceed over a specified period.

Needed Cash

The amount of liquidity a company or individual requires to meet immediate obligations or for short-term goals.

Commercial Paper

Commercial Paper is an unsecured, short-term debt instrument issued by corporations, typically for the financing of operating expenses and meeting short-term liabilities.