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In This Stage of the Communication Process a Common Understanding

question 28

Multiple Choice

In this stage of the communication process a common understanding is reached between the participants:


Definitions:

Deficiency

A lack or shortage of a necessary element or quality.

Chattel Mortgage

A loan arrangement in which an item of movable personal property acts as security for a loan, with the lender holding an interest in the property until the loan is repaid.

Bill Of Sale

A legal document that transfers ownership of personal property from the seller to the buyer.

Assignment Of Book Debts

The transfer of the right to collect debts owed to a business, usually as security for a loan.

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