Scenario C

question 44

Multiple Choice

Scenario C.Gabriel,chief executive officer of Chesapeake Financial Inc. ,sends a memo to his vice presidents regarding new procedures for annual performance reviews.The vice presidents meet informally to discuss the new procedures.When the new procedures are announced to the other employees,they form feedback teams,and these teams draft memos providing feedback to the vice presidents and Gabriel regarding the advantages,disadvantages,and potential problems with the new procedures.
-The feedback memos sent by the teams of employees to the vice presidents and Gabriel are examples of ________ communication.

• A)nonverbal
• B)upward
• C)horizontal
• D)grapevine
• E)informal

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Definitions:

Contingent Consideration

An obligation of a buyer to transfer additional assets or equity interests to the seller after meeting certain conditions post-acquisition.

Liabilities

Liabilities are financial obligations or debts that a company owes to others, which are expected to be paid in the future.

Investment Account

An account designated for holding a portfolio of investments, such as stocks, bonds, real estate, and mutual funds, different from a standard savings account.

Retained Earnings

The portion of a company's profits not distributed to shareholders as dividends but kept for reinvestment in the business or to pay off debt.