Mark,the Sales Manager at Lance Motors Has Called for a Meeting

question 80

Multiple Choice

Mark,the sales manager at Lance Motors has called for a meeting with all his sales representatives.He wants to give them feedback,and set new guidelines regarding their annual targets.With reference to the transmission phase of communication,which of the following best describes Mark's role?

• A) Recipient
• B) Sender
• C) Messenger
• D) Receiver
• E) Decoder

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Definitions:

Open-market Operations

The buying and selling of government securities by a central bank to control the money supply and interest rates in the economy.

Friedman Rule

A monetary policy rule proposed by economist Milton Friedman, suggesting that the optimal nominal interest rate is zero to eliminate the opportunity cost of holding money.

Deflation

A decrease in the general price level of goods and services, often indicating an economic slowdown.

Inflation

The velocity at which the aggregate price level for goods and services elevates, thereby reducing purchasing capability.