Flo and Glen Form Health Food Inc

question 44

Multiple Choice

Flo and Glen form Health Food Inc. to coordinate the purchase, sale, and delivery of food products from organic farms to hospitals and other institutions. The stated purpose is to make a profit and to have a material positive impact on society and the environment. Health Food is​

• A) ​a nonprofit corporation.
• B) ​not a corporation.
• C) ​a benefit corporation.
• D) ​a private corporation.

Comprehend the need for and impact of providing detailed explanations in bad news communications.

Acknowledge the preparation process for writing negative messages, including the development of a clear purpose and information gathering.

Evaluate the benefits of using a direct versus indirect format for bad news messages.

Incorporate strategies for softening the impact of bad news while maintaining clarity.

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Definitions:

Bank Reconciliation

The act of reconciling the amounts in a company's bookkeeping records of a cash account with the related details found on a bank statement.

EFT Transfer

An electronic transfer of funds from one bank account to another, either within a single financial institution or across multiple institutions.

Bank Service Charge

Fees charged by a bank to its customers for account-related services.

Cash Receipts

The total amount of money, including cash, checks, and credit card payments, received by a business during a given period.