By Definition, Ethical Communication

question 16

Multiple Choice

By definition, ethical communication

• A)is always effective in achieving its informative and persuasive goals.
• B)may be effective in achieving its informative and persuasive goals.
• C)cannot be totally effective in achieving its informative and persuasive goals.
• D)is all that matters and a message's persuasive component is irrelevant.

Understand consumer protection laws related to lending and credit reporting.

Calculate total payments and interest on loans and installment plans.

Understand the concept of FICO scores and their impact on creditworthiness.

Calculate the total cost of borrowing under different scenarios including payday loans and layaway plans.

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Definitions:

Temporary Working Capital

Additional working capital needed to support the fluctuating levels of business activity.

Cyclical Nature

Describes a pattern that repeats in cycles, often used in economics to describe the fluctuations in the economy over periods of expansions and recessions.

Seasonal

Pertaining to or occurring during a particular season of the year, often implying changes in business activities, market demand, or weather patterns that recur annually.

Working Capital Management

The practice of managing a company's short-term assets and liabilities to ensure it has sufficient liquidity to run its operations efficiently.