Specify the Essential Elements in the Interpersonal Communication Process and the Nature

question 84

Essay

Specify the essential elements in the interpersonal communication process and the nature of their interdependencies.Identify the one self-correcting mechanism among those elements that not only makes communication a dynamic,two-way process,but also increases the probability of effective communication.

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Definitions:

Bank Line

A bank line or line of credit is an arrangement between a financial institution and a customer that sets the maximum loan balance that the borrower can access.

Interest Payments

Interest payments are the amounts paid by borrowers to lenders as compensation for the use of borrowed money or assets, typically expressed as an annual percentage rate.

Compensating Balances

Compensating balances are minimum account balances that a company agrees to maintain in a bank account as part of a borrowing arrangement to offset bank service charges or qualify for better loan terms.

Cash Discount

A reduction in the invoice price offered by sellers to buyers for prompt payment of their bill, aimed at encouraging early payment.