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Vertical Communication Refers Solely to the Flow of Messages Down

question 66

True/False

Vertical communication refers solely to the flow of messages down the hierarchy, or in other words, bosses communicating with subordinates.

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Definitions:

Tax Deductible

Expenses that can be subtracted from gross income to reduce taxable income.

Contract Interest Rate

The pre-determined rate at which interest is calculated on a loan or financial agreement.

Face Value

The original cost of a bond or stock, as indicated on the certificate; it is also known as the nominal or par value.

Above Face Value

A situation where a financial instrument, such as a bond, is traded for more than its original issue price.

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