Formal Reports

question 73

Multiple Choice

Formal reports

• A) convey subjective information in a variety of ways that may include graphs, charts and appendices.
• B) focus on the conclusion of the document so as to achieve conciseness and rapid comprehension.
• C) are major documents written for a specific purpose and which provide expert opinion and comprehensive information.
• D) are an alternative to a formal oral presentation.

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Definitions:

Binding Credit Obligation

A legally enforceable promise or agreement that requires an individual or business to repay borrowed money or fulfill financial commitments.

Rescinds

To rescind is to revoke, cancel, or repeal a law, order, or agreement.

Fair Debt Collection Practices Act

This act is a federal law that aims to eliminate abusive practices in the collection of consumer debts, promoting fair debt collection and providing consumers with an avenue for disputing and obtaining validation of debt information.

Directly To Creditors

Payments or communications made straight to individuals or organizations to whom money is owed.