Chapter 3 Review ? Planning is an important part of the communication process. Taking the time to plan and prepare your messages will ensure that your professional messages are targeted appropriately for the audience and the purpose of the message. Review what you have learned in this chapter by completing the following questions. Read the scenario, and then answer the corresponding question
Lorraine is a division manager for a consumer products manufacturing company. Lorraine's company has not weathered a recent recession very well. Due to the company's hardships, Lorraine's division is facing a 10 percent budget cut. To avoid eliminating positions, Lorraine would like to convince her employees to take a voluntary 3 percent pay cut. The purpose of Lorraine's message regarding the layoffs is to __________. A. build goodwill with her employees to maintain morale B. eliminate the least productive employees C. persuade the employees to accept a voluntary pay cut
Fill in the blank(s) with correct word
persuade the employees to accept a voluntary pay cut
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Which of the following statements accurately describes the statement of cash flows?
A) It shows the relative proportion of debt and assets. B) It is the link between the accrual-based income statement and the cash reported on the balance sheet. C) It indicates when long-term debt will mature. D) It is the link between net income and earnings per share.
______ is the act of transmitting messages, including information about the nature of the relationship, to another person who interprets these messages and gives them meaning.
Fill in the blank(s) with the appropriate word(s).
The original U.S. Constitution ratified in 1789 included the power to impose an individual income
a. True b. False
The Hart-Scott-Rodino Antitrust Improvements Act requires:
a. firms to notify the Antitrust Division of the Department of Justice or the Federal Trade Commission at least one month before a planned merger, if there is more than $50 million involved b. firms to notify the Antitrust Division of the Department of Justice or the Federal Trade Commission at least one month before a planned merger, if there is less than $50 million involved c. firms to notify the Secretary of State at least one month before a planned merger, if there is more than $50 million involved d. firms to notify Congress at least one month before a planned merger, if there is more than $50 million involved e. firms to notify the Antitrust Division of the Department of Justice or the Federal Trade Commission at least6 months before a planned merger, if there is more than $50 million involved