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Jana,a manager,is coordinating with a lawyer to settle an agreement with another company.Jana had great difficulty communicating with the lawyer as she could not understand most of the words he used.The words used by the lawyer were very specific to his occupation.Which of the following communication obstacles is illustrated in the scenario?
Monthly Interest Rate
The percentage of interest that is charged or earned on an investment or loan on a monthly basis.
Default Rate
The rate at which borrowers fail to make required payments on their loans or credit obligations.
Monthly Interest Rate
The percentage of interest calculated on a monthly basis typically used in loans and financial products.
EOQ
Economic Order Quantity, an inventory management technique that determines the ideal order size to minimize total inventory costs including holding and ordering costs.
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