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Questions and Answers
A company decides to implement a new inventory management system. Which project management phase involves the most stakeholder communication to ensure the system meets the needs of all departments?
A company decides to implement a new inventory management system. Which project management phase involves the most stakeholder communication to ensure the system meets the needs of all departments?
- Closure
- Planning (correct)
- Initiation
- Execution
In project management, the 'execution' phase typically requires less monitoring and controlling compared to the 'planning' phase, as the project team is actively working on deliverables.
In project management, the 'execution' phase typically requires less monitoring and controlling compared to the 'planning' phase, as the project team is actively working on deliverables.
False (B)
What is the primary purpose of a Work Breakdown Structure (WBS) in the planning phase of project management?
What is the primary purpose of a Work Breakdown Structure (WBS) in the planning phase of project management?
To decompose project deliverables into smaller, more manageable components.
The critical path method is a tool used in project management to determine the ______ possible time to complete a project, by identifying the sequence of activities with the longest duration.
The critical path method is a tool used in project management to determine the ______ possible time to complete a project, by identifying the sequence of activities with the longest duration.
Match the following project management processes with their corresponding phase.
Match the following project management processes with their corresponding phase.
Flashcards
Synopsis
Synopsis
A brief overview or summary of key points.
Plagiarism
Plagiarism
An act of plagiarizing and passing off someone elses idea or writing as your own.
Substantiate
Substantiate
Providing support or proof to verify the truth or validity of a claim or statement.
Evaluate
Evaluate
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Elucidate
Elucidate
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Study Notes
- Business correspondence involves exchanging ideas and information through writing letters.
- Businesspersons communicate with customers and wholesalers, and customers may write letters to businesses for information on goods, prices, quality, etc.
Importance of Business Correspondence
Business letters serve six functions:
- Maintaining cordial relationships
- Proof of evidence
- Creating/maintaining a positive image
- Offering convenience and being inexpensive
- Providing formal communication
- Assisting in business expansion
Definition of a Letter
- A letter is a message designed to influence the reader's actions or attitudes.
Kinds of Correspondence
- Personal letters from friends
- Business letters at work
- Collection letters from the bank
Sample Letters
Below are examples of different types of letters:
- Welcome letter
- Letter of appreciation
- Apology letter
- Collection letter
- Invoice letter template
- Letter of invitation
- Marketing letter
- Letter of rejection
Welcome Letter
- Expresses happiness/gratitude to the recipient for joining a group/institution.
- Examples include employers welcoming new hires, colleges welcoming new students and stores welcoming new customers.
Letter of Appreciation
- A written expression of gratitude containing notes of appreciation for someone's kind deed.
Apology Letter
- Expresses regret/sorrow, often with an explanation and may be preferable to verbal apologies.
Collection Letter
- A business reminder of outstanding debts.
Invoice Letter Template
- A written sales transaction invoice request
Letter of Invitation
- A formal request for someone to attend an event.
- Details such as the host, date, time, and venue are included.
Marketing Letter
- Used to sell products to customers through mass production and distribution to disseminate information about new products.
Letter of Rejection
- Informs the recipient that their request was denied, a supporting explanation usually included.
Types of Correspondence
Four main categories:
- Personal (Private)
- Official
- Business
- Semi-Personal
Personal (Private) Correspondence
- Exchanged among friends, relatives, and acquaintances for social reasons, employing an informal style.
Official Correspondence
- Exchanged among governmental entities at local/national levels for official matters, employing formal language on headed paper.
Business Correspondence
- Exchanged among businesses, sellers, and buyers, to carry out transactions, using formal style.
Semi-Personal Letters
- Business letters using less formal language due to intimate, long-term relationships.
Essential Qualities of Business Letters
Inner Qualities
- Relates to the language quality, presentation, etc.
- Includes these features: Simplicity, clarity, accuracy, completeness, relevance, and courtesy.
Outer Qualities
- Refers to the appearance of the letter and includes:
- Quality of paper
- Color of the paper
- Size of the paper
- Folding of letter
- Envelope.
Parts of a Business Letter
Has seven main parts:
- The Heading
- The Date
- The Inside Address
- The Salutation
- The Body
- The Complimentary Close
- The Signature
Heading
- Includes the firm's name, business type, street address, and town.
- It could also include the telephone number, fax, e-mail, and attractive trademark and can be placed at the bottom of the page or only include the firm's name.
Date
- Typed at the top left corner, it includes the day, month, and year.
- Spell out the months.
- Use a cardinal number.
- Order is month, day, comma, and year.
Inside Address
- Recipient's name and address with as much detail as possible.
- Located the in left-hand corner, below the date.
Salutation
- The greeting is an essential part of the letter and is typed at the left under the inside address.
- Begins with the word "Dear" (e.g., "Dear Mr. Frank").
Body
- Contains the main message, divided into short paragraphs for clarity.
- Often divided into three paragraphs to make it easier for reading and understanding.
- Opening: Introduces the letter's purpose and helps the reader connect it to previous communication.
- Second Paragraph: Contains facts about the important details.
- Closing: Ends the letter and refers the reader to future action, such as the early reply in the business letter.
Complimentary Close
- Functions as a polite ending before the signature (e.g., "Sincerely," "Cordially").
- The initial word is capitalized, and followed by a comma.
- Choice of the proper way to close depends on the formality degree.
Signature
- Includes the sender's handwritten and typed name, title, and company.
Enclosure and Attachment Notations
- Indicate contents included with the letter, typed two lines below the signature block:
- "Enclosure", "Enc.", "Encl.", "enc.", or "encl."
- For multiple enclosures, note the number of enclosures.
- The letter, followed by the check if you're paying, follows any enclosures.
- In e-mails with attached documents, use "Attachment" rather than "Enclosure"
- The enclosures are numbered in order of importance, one per line, with any indication of if it needs to be returned, such as "please return".
Writing a Cover Letter
- A cover letter accompanies a resume when applying for a job.
- It introduces the applicant to the hiring person since it highlights education.
Before Writing
- Gather needed job information, especially qualifications, from the original job ad.
Body of a cover letter
The body of a cover letter has four parts:
- Opening
- Focus
- Action
- Closing
Cover Letter Content
Opening
- States the job being applied for and source.
Focus
- Explains suitability for the job.
Action
- Details any plans to action to be taken.
Closing
- To be written with a positive attitude.
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Description
Explore the vital role of business correspondence in exchanging ideas and maintaining relationships. This lesson covers the importance of business letters, defining what constitutes a letter, and different kinds of correspondence, including sample welcome, appreciation, and collection letters.