Describe one informal communication method and the several purposes that informal communication serves
One informal communication method is the grapevine, which has been found to be surprisingly accurate. Informal communication provides a source of information not ordinarily available. It reduces the effects of monotony. It satisfies personal needs such as the need for relationships or status.
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How does competition impact product quality?
What will be an ideal response?
Delayed payment of bills by consumers is not possible with _____
a. credit card systems b. bank-based credit cards c. debit card systems d. retailer-based credit cards
To be accurate, objectives should be SMART. What does the M in SMART stand for?
A. Memorable B. Measurable C. Mechanistic D. Methodical E. Multifaceted
Grace Pack has a personal account at the CIBC Bank. She receives monthly statements with supporting cancelled cheques, and notices one is forged
A note on her statement says that all errors must be reported in 30 days after receipt of the statement or the bank is not responsible. She leaves on vacation and reports the error 45 days later on her return. Does the bank have to reimburse her? A) No, because banks are not liable for forged cheques. B) No, because the limitation clause is binding C) Yes, because the limitation clause is not effective in a consumer transaction D) Yes, because the limitation period was suspended while Grace was out of the country E) Both A and B