Examlex
Which of the following is an example of downward communication flow?
Financial Statements
Documents that present the financial activities and condition of a business, including the balance sheet, income statement, statement of cash flows, and statement of changes in equity.
Liabilities
Financial obligations owed by a business to others, such as loans, accounts payable, mortgages, and other debts.
Local Bank
A financial institution that operates within a limited geographic area, typically providing banking services to individuals and businesses in its community.
Retained Earnings
The portion of a company's profits not distributed to shareholders as dividends but retained for reinvestment in the business or to pay debt.
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