Alan Is Mentoring Pat,a Younger Colleague,in How to Be a Better

question 51

Multiple Choice

Alan is mentoring Pat,a younger colleague,in how to be a better business writer.As Pat was writing her last memo,she did the following things.Which one will Alan tell her she needs to change?

• A) Pat addressed the needs of her audience in the memo.
• B) Pat spent a long time planning before she started to write.
• C) Pat applied the FAIR test to the memo when she reviewed it.
• D) Pat made sure the memo was easy to read and easy to navigate.
• E) Pat drew primarily on her own opinions and expertise.

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Definitions:

Capital Lease

A lease classified as a financial transaction where the lessee effectively buys an asset and finances it over the lease term.

Operating Lease

An agreement that permits the utilization of an asset without owning it, usually with a shorter duration than a finance lease.

Fair Value

What one would earn from selling an asset or what it would cost to shift a liability in a systematic operation with market actors on the appraisal date.

Guaranteed Residual Value

The predetermined value of a leased asset at the end of the lease term, guaranteed by the lessee or a third party.