How Much of a Manager's Duty Involves Communicating

question 14

Multiple Choice

How much of a manager's duty involves communicating?

• A)75 per cent
• B)50 per cent
• C)85 per cent
• D)25 per cent
• E)100 per cent

Recognize the legal implications of delaying bad news delivery.

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.

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Definitions:

Stated Value

A value that is assigned to a share of stock by the company's board of directors, not based on market value, but used for accounting and reporting purposes.

Excess of Par

The amount by which a security's sale or issue price exceeds its par value.

Treasury Shares

Shares released to the public and afterward reclaimed by the issuer, cutting down the overall count of stock available on the open market.

Journalize

The process of recording transactions in an accounting journal.