The_____is the System of Official Channels That Carry Organizationally Approved

question 2

Multiple Choice

The_____is the system of official channels that carry organizationally approved messages and information.

• A) downward communication channel
• B) upward communication channel
• C) horizontal communication channel
• D) formal communication channel
• E) informal communication channel

Recognize the importance of budgeting in corporate planning and control and identify various types of budgets.

Calculate the impact of depreciation and equipment purchases on budgeted financial statements.

Interpret the effect of budgeted financial activities on retained earnings and other equity accounts.

Understand the steps involved in business valuation and the significance of forecasting financial attributes.

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Definitions:

Elastic Clause

A provision in the U.S. Constitution (Article I, Section 8, Clause 18) granting Congress the power to pass all laws necessary and proper for carrying out the enumerated list of powers.

Necessary

Essential or needed for a particular purpose or to achieve a specific outcome.

Enumerated Powers

Specific powers granted to Congress by the Constitution, including taxing, spending, and regulating interstate commerce, among others.

Full Faith

A phrase often used within legal contexts to describe the complete trust or belief in the validity of something, especially in "full faith and credit" in legal documents or agreements between states.