When Writing a Letter or Memo, It Is Best to Explain

question 10

Multiple Choice

When writing a letter or memo, it is best to explain the benefit of the memo to the reader

• A) in the middle portion of the material.
• B) after an introductory paragraph.
• C) in the first paragraph or in the conclusion.
• D) wherever the information fits logically in the memo or letter.

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Definitions:

Fair Value

A measure of the estimated price at which an asset could be bought or sold or a liability settled, under current market conditions.

Passive Investments

Investments in which the investor does not actively manage or influence the operation of the asset, such as stocks or mutual funds.

Equity Securities

Financial instruments representing ownership interest in a company, such as stocks, which can yield dividends and capital gains.

Goodwill

An accounting value assigned to the reputation, customer loyalty, or other factors enabling a business to earn higher profits than expected from its assets alone.