Podcast
Questions and Answers
What is a characteristic of systems in relation to their purpose?
What is a characteristic of systems in relation to their purpose?
- Their purpose is to provide feedback only.
- They have a purpose within larger systems. (correct)
- Their purpose is only to fluctuate and adjust.
- They have no purpose in larger systems.
What is the first step in drawing a Causal Loop Diagram (CLD)?
What is the first step in drawing a Causal Loop Diagram (CLD)?
- Assign a name for the variables specifically.
- Select the key variables you want to work with.
- Hypothesize about how the variable might be interconnected or correlated.
- Formulate the core problem. (correct)
What is a requirement for the system to fulfill its purpose effectively?
What is a requirement for the system to fulfill its purpose effectively?
- The parts of a system must all be available. (correct)
- The parts of a system must be randomly organized.
- The parts of a system must be disconnected.
- The parts of a system must be unavailable.
What is the purpose of a system's feedback?
What is the purpose of a system's feedback?
What type of relationships exist between the variables in a Causal Loop Diagram (CLD)?
What type of relationships exist between the variables in a Causal Loop Diagram (CLD)?
What is a characteristic of systems in terms of their organization?
What is a characteristic of systems in terms of their organization?
What should you take account of when naming variables in a Causal Loop Diagram (CLD)?
What should you take account of when naming variables in a Causal Loop Diagram (CLD)?
What is the last step in drawing a Causal Loop Diagram (CLD)?
What is the last step in drawing a Causal Loop Diagram (CLD)?
What is the recommended spacing for the outside of a business letter?
What is the recommended spacing for the outside of a business letter?
What is the position of the dateline dependent on?
What is the position of the dateline dependent on?
How many spaces should be placed below the dateline for the inside address?
How many spaces should be placed below the dateline for the inside address?
What is the term for the format where all parts of the letter are flush with the left-hand margin?
What is the term for the format where all parts of the letter are flush with the left-hand margin?
What is placed at the center two lines below the letterhead?
What is placed at the center two lines below the letterhead?
What is the primary characteristic of a wholesaler?
What is the primary characteristic of a wholesaler?
What is the recommended size of paper for a business letter in the corporate world?
What is the recommended size of paper for a business letter in the corporate world?
What does a channel serve as in the communication process?
What does a channel serve as in the communication process?
What is the term for the address that appears at the top of the page?
What is the term for the address that appears at the top of the page?
What is the key to being goal-oriented?
What is the key to being goal-oriented?
What is the result of noise in the communication process?
What is the result of noise in the communication process?
What is the primary characteristic of a general construction firm?
What is the primary characteristic of a general construction firm?
What is channel noise?
What is channel noise?
What is the main benefit of having self-confidence?
What is the main benefit of having self-confidence?
What is a characteristic of an innovative entrepreneur?
What is a characteristic of an innovative entrepreneur?
What is the main purpose of Part 1 in the basic organization of a business letter?
What is the main purpose of Part 1 in the basic organization of a business letter?
What is the primary function of a message in the communication process?
What is the primary function of a message in the communication process?
What is the primary characteristic of a retailing activity?
What is the primary characteristic of a retailing activity?
What is the key to being responsible?
What is the key to being responsible?
What is the purpose of Part 2 in the basic organization of a business letter?
What is the purpose of Part 2 in the basic organization of a business letter?
What is the main purpose of a channel in the communication process?
What is the main purpose of a channel in the communication process?
What is the primary characteristic of a sole proprietorship?
What is the primary characteristic of a sole proprietorship?
What is the purpose of Part 3 in the basic organization of a business letter?
What is the purpose of Part 3 in the basic organization of a business letter?
What is the primary purpose of an urgent notice letter?
What is the primary purpose of an urgent notice letter?
What is the main difference between the semiblock style and the block style?
What is the main difference between the semiblock style and the block style?
What is the purpose of a final notice/ultimatum letter?
What is the purpose of a final notice/ultimatum letter?
What is the purpose of a memorandum?
What is the purpose of a memorandum?
What is the recommended follow-up action after sending an inquiry letter?
What is the recommended follow-up action after sending an inquiry letter?
What is the purpose of the official style of letter writing?
What is the purpose of the official style of letter writing?
What is the primary goal of the creditor in sending an urgent notice letter?
What is the primary goal of the creditor in sending an urgent notice letter?
What is the effect of receiving a final notice/ultimatum letter on the customer?
What is the effect of receiving a final notice/ultimatum letter on the customer?
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Study Notes
Systems
- A system is composed of intangible components
- Systems have a purpose within larger systems
- Systems provide for their stability through fluctuations and adjustments
- Systems ought to have feedback
Causal Loop Diagram (CLD)
- A CLD is a diagram that shows the cause-and-effect relationships between variables
- It includes one or more feedback loops (reinforcing or balancing processes)
- Delays are an important aspect of CLDs
- Topic/issue refers to something you want to understand better
General Component of a Causal Loop Diagram (CLD)
- Formulate the core problem
- Tell the story of the problem behavior
- Select the key variables you want to work with
- Assign a name for the variables specifically
- Graph the variables' behavior over time (BOTG)
- Hypothesize about how the variable might be interconnected or correlated
Entrepreneurial Characteristics
- Have self-confidence
- Work hard
- Goal-oriented
- Responsible
- Innovative
- Try to improve existing products and services or create new ones
Forms of Business Ownership
- Sole Proprietorship: has one owner, requires legal registration, and DTI registration
General Construction Firms
- Engaged in the construction of buildings for private individuals, firms, or the government
Communication
- Definition: transmissible combination of information that serves as a link between the sender and the receiver towards meaningful understanding
- Channel: the medium used to transmit the idea after being encoded into a message
- Noise: refers to all kinds of disturbances or distractions that present a gap in the communication process during the transmission of the message
- Two general types of noise: Channel Noise and Physical Noise
Business Letter
- Basic organization: Part 1 - state your purpose, Part 2 - explain what you want to happen, Part 3 - request action, conclude, or thank the reader
- Parts of a business letter: letterhead or return address, dateline, inside address, salutation, body, type name, signature
Punctuation and Indention
- Open and closed punctuation
- Indented form: all parts of the letter flush with the left-hand margins of the page
- Block form: heading, complimentary close, and signature are block-style
- Forms of indention: indented form and block form
Memo
- Definition: a form of inter-office communication used to communicate with people inside an organization
- Used to communicate changes in policy, notifications, belief, reports, queries, among other things
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