Where is the listening process most likely to fail?
What will be an ideal response?
Answer: To listen effectively, you need to successfully complete five steps: Receiving, which is physically hearing the message and recognizing it as incoming information; decoding, or assigning meaning to sounds, according to your own values, beliefs, ideas, expectations, roles, needs, and personal history; remembering, or storing the information for future processing; evaluating, which is analyzing the quality of the information; and responding which includes reacting based on the situation and the nature of the information. If any one of these steps breaks down, the listening process becomes less effective or even fails entirely. As both a sender and a receiver, you can reduce the failure rate by recognizing and overcoming a variety of physical and mental barriers to effective listening.
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Kater Company manufactures shelving units. The company receives pre-cut wood, drills holes in the wood so that movable shelves may be installed, then assembles and paint the units. Classify each of the following items of factory overhead as either fixed or variable cost
a. Janitorial service (an outside service, not company employees) b. Supervisor of the Drilling Department c. Oil used to lubricate drill press machines d. Propane for forklift trucks used to move the material from the Drilling Department to the Assembly Department e. Natural gas used to heat the plant f. Security guard g. Drill bits used in the drilling department h. Insurance on factory building i. Electricity to power drill press machines j. Rent of factory building
Briefly explain how the value chain is related to competitive advantage
What will be an ideal response?
Opal Company purchased inventory on credit. The effect of this transaction is that the:
A) earnings per share decreased. B) earnings per share increased. C) working capital increased. D) debt to equity ratio increased.
Factoring receivables is beneficial to a seller for all of the following reasons except:
A) Allows firms to receive cash earlier. B) Passes ownership of the receivables to the factor. C) There are no fees for factoring. D) Seller avoids the cost of billing and accounting for receivables. E) May transfer the risk of bad debts to the factor.