When Your Assistant Lets You in on the Latest News

question 29

Multiple Choice

When your assistant lets you in on the latest news around the office that she's heard, you are most likely getting information via

• A) The official corporate agenda.
• B) Formal communication channels.
• C) The grapevine.
• D) Perception.
• E) Filtering.

---

Definitions:

Note Payable

A written promise to pay a certain amount of money, often bearing interest, by a specified date to the holder of the note.

FICA Taxes

Taxes imposed on both employees and employers to fund Social Security and Medicare programs, based on earned wages.

Withheld

Refers to the portion of an individual’s earnings that is not directly paid to the individual by the employer, because it is set aside for purposes such as tax payments.

Times Interest Earned Ratio

A financial metric used to determine how easily a company can pay interest on outstanding debt with its before-tax earnings.