Which of the Following Statements Is True About Personal Communication

question 11

Multiple Choice

Which of the following statements is true about personal communication?

• A) Personal communication is an official part of a business's operations.
• B) Personal communication should be avoided as it is often counter-productive to the organization's goals.
• C) Personal communication is regulated by the formal network.
• D) Communication with external parties may include elements of personal communication.
• E) The attitudes of the employees and those with whom they communicate are not influenced by personal communication.

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Definitions:

Converted to Cash

Transforming assets or securities into liquid cash through sale or redemption.

NSF Check

A check that cannot be processed because the drawer's account does not have sufficient funds, standing for "Non-Sufficient Funds."

Monthly Service Charge

A fee charged by a financial institution to maintain an account, often depending on the type of account or the balance maintained.

Bank Reconciliation

The process of comparing and adjusting the balance shown in a company’s bank statement with the amount appearing in the company’s own records.