Memoranda (Memos) are used less often these days; under what circumstances might a memo be used?

a. To announce a change in office policy and make a permanent record
b. For information-sharing within a work group
c. Only when writing to a partner outside the firm such as a supplier or contractor
d. When writing to customers

A

Rationale: Memos provide a permanent record of announcements. Most policies are announced to employees by e-mail, but there might be some use for an "on paper" memo on a notice board.

Business

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A line of credit would be considered:

A) a secured loan to be amortized over three to five years. B) a long-term, permanent source of funding. C) an agreement to borrow up to a specific total amount on demand from a bank. D) a short-term unsecured loan with minimum interest expense.

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The ownership of real property is best determined by what legal action?

a. quiet title action b. quitclaim deed c. injunction d. desist and refrain

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