The Importance of Communication

question 49

Multiple Choice

The Importance of Communication
Employee morale has declined over the past few months among employees at Manufacturing Resources International, a multimillion-dollar company that focuses on the export of laser technology to various countries.Company management feels that employees and managers alike need a refresher course on proper communication.John has been hired as a consultant to analyse the situation and make recommendations to the company's senior management.
-Refer to The Importance of Communication (Scenario) .In his report, John also mentioned that ________ communication refers to communication that follows the official command or is part of the communication that follows the official chain of command, or is part of the communication required to do one's job.

• A)theoretical
• B)formal
• C)informal
• D)corporate
• E)hypothetical

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Definitions:

Modification Of Terms

Changes made to the terms of a contract, including loans and agreements, to adjust the obligations of the parties involved.

Carrying Value

The book value of an asset or liability on a company's balance sheet, calculated as original cost minus accumulated depreciation or amortization.

Ordinary Gain

A profit resulting from the sale or exchange of assets used in a business, not classified as capital gains.

Restructured Loan

A loan that has had its terms modified by agreement between the borrower and lender, often to provide relief to a borrower from the original terms due to financial difficulty.