Reviewing your message and considering feedback ________

A) generally leads to less successful proposals
B) may lead you to return to the analysis step
C) is part of composing, the second step of the ACE process
D) will be time consuming and unnecessary
E) sets the stage for your business message, helping you make good decisions, and should be done before you begin composing


Answer: B
Explanation: B) Reviewing your message and considering feedback may lead you to return to the analysis step, to reconsider the decisions about purpose, audience, content, and medium. This circular approach helps ensure effective communication.

Business

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There are no budgeted capital expenditures or financing transactions during the quarter. Based on the above data, calculate the projected cash balance at the end of May.

Verle, Inc. has a cash balance of $20,000 on April 1. The company is now preparing the cash budget
for the second quarter. Budgeted cash collections and payments are as follows:

A) $22,000
B) $53,400
C) $48,400
D) $43,800

Business

Grace Corporation issued 60,000 shares of $5 par value common stock for $600,000. The journal entry to record the transaction is:

A) Cash 600,000 Common Stock 600,000 B) Cash 300,000 Common Stock 300,000 C) Cash 600,000 Common Stock 300,000Additional Paid-In Capital 300,000 D) Cash 300,000 Additional Paid-In Capital 300,000

Business

Under UCC Section 2-201, contracts for the sale of goods of $500 or more fall within the statute of frauds and must be in writing to be enforceable. Exceptions to this rule include all but which of the following?

A) the agreement is between a merchant seller and a non-merchant buyer B) one of the parties to a suit admits in writing or in court to the existence of an oral contract C) a buyer accepts and uses the goods D) the contract is between merchants, and the merchant who is sued received a written confirmation of the oral agreement and did not object within 10 days.

Business

The maximum rate of interest for credit transactions is established by:

a. state law. b. federal law. c. the Federal Reserve Board. d. the FTC.

Business