Types of Communication Types of Communication: There are various types of Communication. This communication’s are 1. Horizontal communication 2. Vertical communication 3. Upward communication 4. Downward communication. Here I discuss briefly about all the types of communication. Horizontal communication Horizontal communication: When an employee of same level communicates each other than it can be labeled as horizontal communication. It helps employees to perform the task efficiently
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Type I and II errors Mistakenly rejecting the null hypothesis is a type 1 error. These errors are not avoidable and are part of statistical testing‚ but we can lessen the occurrence by setting the significance at a lower level. However‚ by setting the significance level lower; let us say .001‚ we then increase the chance of type 2 errors. Failing to correctly reject the null hypothesis creates a type 2 error‚ this is because; according to Aron (2009) “with an extreme significance level like
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business entity. General Partnership In some cases‚ two or more people may have a business idea that they desire to pursue. In this case‚ they may choose to start a partnership. A partnership is a business enterprise that usually requires two or more people to start a business. Fay defines a general partnership as “a business structure where each partner is liable beyond what he or she has invested in the enterprise (Fay‚ 1998).” Some of the advantages of starting a partnership are that profits and
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Types of Economies What is an economy? An economy consists of the economic systems of a country or other area; the labor‚ capital‚ and land resources; and the manufacturing‚ production‚ trade‚ distribution‚ and consumption of goods and services of that area. A market based economy may be described as a spatially limited social network where goods and services are freely produced and exchanged according to demand and supply between participants (economic agents) by barter or a medium of exchange
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What is a contract? A business contract is a legally binding agreement between two or more parties to do or not to do certain things. For example‚ a business contract could be for the sale of goods or supply of services at a certain price. There are many different types of contracts including: the sale and purchase of a business agreement; partnership agreements; leases of business premises; leases of plant and equipment; and employment agreements. The process for creating a contract generally
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Main Types of Dreams There are five main types of dreams - daydreams‚ normal dreams‚ false awakenings‚ nightmares and lucid dreams. Take a look at the features of these hypnotic states and how each one can introduce you to the phenomenal world of dreaming. Daydreams Scientific studies reveal that most people daydream for a whopping 70-120 minutes per day. During this time‚ you are only semi-awake - not asleep‚ but not fully checked-in with reality‚ either. It starts with
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laws for their ethical and social behavior. Laws for society and business are written to have checks and balances of rules and regulations. Business and organizations use these laws to enforce business practices‚ trades‚ and business use the law to settle disputes. Laws also help business to grow‚ and laws also protect the land. Society uses the laws to govern how they act in public‚ drive‚ and interact with one another. Without laws there would be chaos and people doing what they want. Business
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Types of Communication Communication can be divided into formal and informal communication. Formal communication may include spoken or written words while informal communication includes gestures‚ facial expressions e.t.c. It can also be divided as-: 1. written materials 2. Oral methods 3. Electrical methods Written Methods Written methods are preferred where detailed information needs an explanation as they are less liable to miss interpretation than oral methods. They can be read
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TYPES OF INVESTMENT FOREIGN DIRECT INVESTMENT: Foreign direct investment includes "mergers and acquisitions‚ building new facilities‚ reinvesting profits earned from overseas operations and intra company loans. Foreign direct investment refers just to build new facilities. FDI is defined as the net inflows of investment to acquire a lasting management interest in an enterprise operating in an economy other than that of the investor. FDI is the sum of equity
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Disadvantages of Short Term financing. 5. Purpose of Short-Term Financing. 6. “Ideal Concept” of Short-Term Financing. 7. What is Trade Credit? 8. Reasons for the use of Trade Credit. 9. Factors determining the amount of Trade Credit used 10. Cost of Trade Credit 11. Who bears the cost of Trade Credit? 12. What is Bank Credit? 13. Distinction between Bank Credit and Short Term credit. 14. Characteristics of Short Term financing Meaning
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