Supervisors Spend Less Than 50% Percent of Their Time Communicating

question 35

True/False

Supervisors spend less than 50% percent of their time communicating.

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Definitions:

Credit Memorandum

A document issued by a seller to a buyer, reducing the amount the buyer owes to the seller under certain conditions.

Company Deposit

Funds placed into a financial institution by a company for safekeeping or to earn interest.

Deposits in Transit

Funds that have been sent to a bank but have not yet been recorded in the bank's records and thus do not appear in the bank balance.

Book Balance

The balance of an account according to the accounting records, not necessarily reflecting the available cash or cleared funds.