Business Communication
This type of communication uses spoken words and includes conversations, meetings, and phone calls.
What is verbal communication?
This term refers to laws created by legislative bodies such as Congress or state legislatures.
What is statutory law?
This term refers to the original amount of money invested or borrowed before interest.
The FBLA Pledge begins with "I solemnly _____..."
promise
In professional emails, this line should quickly summarize the message’s purpose.
What is the subject line?
A promise or set of promises enforceable by law defines this type of agreement.
What is a contract?
This type of interest is calculated only on the original principal, not on accumulated interest.
What is simple interest?
Complete this FBLA goal: “Encourage and practice efficient _____ management.”
money
This listening skill involves giving feedback, nodding, and paraphrasing to show understanding.
What is active listening?
This type of tort involves harming someone’s reputation through false statements.
What is defamation?
A loan that requires equal payments over time—each including principal and interest—is known by this name
What is an amortized loan?
What year was FBLA founded?
1937
These short documents inside a company communicate information such as updates, procedures, or announcements.
What are memos?
This legal principle requires courts to follow previous judicial decisions when the same points arise again.
What is stare decisis (or precedent)?
This financial statement shows a company’s revenues and expenses over a period, resulting in net profit or loss.
What is an income statement?
What are the official colors of FBLA
Navy blue and gold
This formal written statement outlines expectations and responsibilities when communicating on behalf of an organization.
What is a communication policy?
In contract law, this occurs when one party intentionally fails to perform a contractual duty without a valid excuse.
What is a breach of contract?
In time value of money, this term represents the amount you must invest today to reach a future sum, discounted at a given rate.
What is present value?
_____ minutes will be allowed to prepare, and five minutes will be allowed for the presentation in the Critical Thinking event.
Fifteen