To Ensure That Its Products Best Suit the Needs of Its

question 39

Multiple Choice

To ensure that its products best suit the needs of its customers,the head of marketing department at Venus Electronics Inc.holds a meeting with the managers of production department.This illustrates _____.

• A)upward communication
• B)asynchronous communication
• C)horizontal communication
• D)grapevine communication
• E)diagonal communication

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Definitions:

Economic Life

The period over which an asset is expected to be productive or provide economic benefits.

Operating Lease

A lease agreement allowing a company to use an asset without ownership, with lease payments expensed as incurred.

Capital Leases

A lease agreement that grants the lessee almost all the risks and benefits of ownership of the asset leased.

Financial Lease

A long-term lease agreement where the lessee assumes the risks and rewards of ownership, often with the option to purchase the asset at the end of the lease term.