The Board of Governors of the Federal Reserve System Authorizes

question 95

True/False

The Board of Governors of the Federal Reserve System authorizes member banks to accept drafts that arise in the course of certain types of international transactions.

Summarize guidelines for effectively communicating bad news to employees and the public.

Identify strategies to end a bad-news message on a positive note.

Understand the risks and benefits of delivering criticism and factors to consider before communicating negatives.

Recognize legal implications in specific communication contexts such as denying credit.

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Definitions:

Delegation

The act of assigning responsibility or authority from one person or entity to another to carry out specific activities or tasks.

Third-Party Beneficiary

A person who, although not a party to a contract, stands to benefit from the contract's execution or performance.

Enforce

To compel observance of or adherence to laws, rules, or obligations.

Incidental Beneficiary

A person who gains a benefit from a contract between two other parties, but whose benefit was not the reason the contract was created.