The Four Primary Types of Business Correspondence Include All the Following

question 7

Multiple Choice

The four primary types of business correspondence include all the following EXCEPT:

• A) Internal memo
• B) Personal e-mail message
• C) Business letter
• D) All of the above

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Definitions:

Economic Profit

The difference between the total revenue received from the sale of an output and the total opportunity costs of the inputs used.

Economic Losses

Monetary losses incurred from business operations or other economic activities, often delineated from accounting losses.

Positive Profit

A financial gain that occurs when the revenues earned exceed the costs incurred.

Production Level

The quantity of goods or services that a firm or economy produces within a given time period.