This Question Contains Two Parts; Be Sure to Answer Both

question 67

Essay

This question contains two parts; be sure to answer both.
First, define formal communication in an organization.
Second, imagine that you manage a company that is going through layoffs. The company plans to lay off 15 percent of the workforce. Provide an example of how you might use each of the three types of formal communication to communicate with employees about the layoffs.

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Definitions:

Perpetual Inventory Records

The continuous tracking of inventory levels and updates in real-time, showing the quantity of inventory on hand at all times.

Credit for Returns

A financial adjustment made by a seller to the account of a buyer to reflect returned goods.

Discount Period

The discount period is the time frame during which a buyer can take advantage of a purchase discount offered by the supplier for early payment.

Total Amount Collected

The sum of money received from various sources, including sales, investments, financing, and other business activities.