Discuss the Difference Between Internal and External Communication

question 23

Essay

Discuss the difference between internal and external communication.

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Definitions:

Net Cash Flows

The net amount of cash and cash equivalents moving into and out of a business within a specified period.

Payback Method

A capital budgeting technique that calculates the length of time required to recoup the initial investment cost through the net cash flows it generates.

Cash Flow

Cash flow is the net amount of cash and cash-equivalents being transferred into and out of a business.

Economic Life

The expected period of time during which an asset remains useful to the owner for generating income or other benefits.