List and describe the six basic components of communication
What will be an ideal response?
The six basic components of communication are:
a). Message sender - The sender composes the intended message.
b). Actual message - The actual message may be written, oral, or nonverbal; or it may
combine two or more types of communication.
c). Message transmission - Written messages can be sent in traditional formats such as
letters, memos, and reports. Written messages can also be sent electronically using fax
machines, text messages, or e-mail. Oral messages can be delivered through face-to-face
conversations, by phone, by voice mail, or by live video chats. Nonverbal messages are sent
through gestures, body movements, and facial expressions.
d). Message receiver - The receiver takes delivery of, or receives, the message.
e). Message interpretation - The receiver interprets the message. The interpretation may be
different from the intended message or the actual message.
f). Feedback - The sender and the receiver respond to each other through written, oral, or
nonverbal means or through a combination of these components.
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The best way to determine what customers want and expect is to ask them.
Answer the following statement true (T) or false (F)
Southwestern Bank offers to lend you $50,000 at a nominal rate of 6.5%, compounded monthly. The loan (principal plus interest) must be repaid at the end of the year. Woodburn Bank also offers to lend you the $50,000, but it will charge an annual rate of 7.0%, with no interest due until the end of the year. How much higher or lower is the effective annual rate charged by Woodburn versus the rate charged by Southwestern?
A. 0.52% B. 0.44% C. 0.36% D. 0.30% E. 0.24%
A member of the AICPA must safeguard the confidentiality of client information. Which of the following is not a valid reason to disclose information to non-clients?
a. To discuss information relating to inadequate disclosure in an audit report. b. To comply with a validly issued and enforceable subpoena or summons. c. To accommodate the review of client audit work papers under AICPA, PCAOB, or State Board of Accountancy authority. d. To explain to members of the press whether a client is likely to miss payroll in the forthcoming periods.
Maxwell’s manager asked for Maxwell’s user name, password or other login credentials for Maxwell’s personal social media accounts so that the manager could see what Maxwell shared with friends and family about work and other topics. This could be a violation of Maxwell’s right to ______.
A. free consent B. due process C. privacy D. freedom of conscience