The First Step of Communication Occurs When

question 65

Multiple Choice

The first step of communication occurs when

• A)an idea is put into words or conveyed through gestures.
• B)an idea is sent through a communication channel.
• C)the sender has an idea.
• D)the receiver decodes the message.

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Definitions:

Cost of Goods Sold

Represents the direct costs attributable to the production of the goods sold by a company, including the cost of the materials and labor directly used to create the product.

Ending Inventory

The total value of all inventory a company has in stock at the end of its fiscal period.

Beginning Inventory

The financial amount of goods up for sale at the start of an economic period.

Year 1

Often refers to the first year of operations for a business or the first year in a multi-year financial analysis.