Analyzing Facts and Details to Understand the Major Points Your

question 7

Multiple Choice

Analyzing facts and details to understand the major points your partner is making is a way to

• A) use effective response skills.
• B) own your statements.
• C) use effective listening skills.
• D) understand your partner's description of the event.

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Definitions:

Discontinued Operations

Parts of a company's core business or product lines that have been sold, disposed of, or discontinued.

FVTPL

The acronym stands for Fair Value Through Profit or Loss; this designation refers to financial assets or liabilities that are recorded at fair value, with any changes directly affecting profit or loss.

Fair Value

An estimate of the price at which an asset or liability could be traded in a fair transaction between willing parties, other than in a forced or liquidation sale.

Unrealized Gain

A profit that exists on paper resulting from an investment that has not yet been sold for cash, indicating an increase in value of the asset.