Business Communication Blog by Verónica Navarro

TASK 1 Student’s Name: Verónica Navarro Cárdenas  Nua: 313450 After watching the video, answer the following questions in complete sentences.  What is Finance? It´s a monetary resource comprising debt and ownership funds of the State, company or person.  What is Financial System? It´s the system that handles financial transactions and the exchange of money between savers, investors, lenders and borrowers.   What are the functions of a financial system? - Provides a payment system for the exchange of goods and services in the economy. - Provides a mechanism to pull the funds in terms of household saving for corporate investments. - Provides a financial capital for long-term capital formation for the government and business organizations. - Facilitates the investors and other market participants to liquidate their investment alternatives like stocks and bonds. - Provides the avenues for managing the risks faced by the market participants. - Takes care of both short- and...

Student’s Name: Verónica Navarro Cárdenas Nua: 313450 After watching the video, answer the following questions in complete sentences.  1. What does Forex stand for? Exchange Market. 2. What does Forex refer to? It refers to the market that allows the exchange of currency. 3. What is Forex trading? Currency of any country in the world. 4. What does Forex trading market refer to? The exchange between different currencies happens in a market that never rests. 5. How does the foreign exchange work? It has no single center of operation it works with the interbank market but you can also access by CFD and FX brokers to make profits by exchange. 6. What do people trade? Society trade their money for different currencies. 7. How do people trade? They check the value of the currency they want to work on and trade a value of money based basically in speculations, there are also instruments that can help lower the risks or rise the profits. 8. What is a currency-pair? It is th...

Name: Verónica Navarro Cárdenas  Nua: 313450 Watch the video, answer the following questions. 1. How are money and currency defined? Money: it is a tool to exchange our time, a container where we deposit our economic energy. Currency: a deceptive money imposter who steals time and freedom. 2. What are the differences between currency and money?  The coin: It is a durable, measurable, portable means of transaction. Money: They are all the things that surround us, that have a value for a long time. It is durable, interchangeable, measurable, portable 3. What are its most important characteristics? Definitely both the way they can be interchanged and portability are two important features. 4. What is a Fiat currency? This is a type of currency that exists at the disposal of the government, without it it could not be made official. 5. What are its characteristics? - Has no intrinsic value - It is printed without any endorsement. - Only if the government adds value, does it g...

Play the first audio file attached (02) and listen to the first part of an interview with Alastair Dryburgh, an expert on communication and answer the questions.  Does he think technology makes good communication easier?  No, because he mentions that the "principles" are always the same, they do not change even if different channels are used, because he faithfully believes that good or bad communication is focused on problems that exist with the transmitter or receiver. What four key points does Alastair make about communication? - People have little attention - The amount of data has nothing to do with the real meaning of communication - Communication is based on attentive listening - It is important to create a bond of union whenever your in front of an audience to improve communication. Play the second audio file attached (03) and listen to the second part of the interview. Alastair gives an example of a company which has used technology to change the way it ...

Hi good night everyone, I leave you my answer to the first assignment, I hope we can share ideas. ¡Do not forget to comment! :) 1. How do you define communication? R: Communication is the free way we have to express ourselves in a social environment 2. What is the role of communication in management of business? R: Communication plays a very important role, since great businesses have emerged from good communication, as well as the strengthening of companies thanks to the ties created by it. 3. What are the different purposes of communication? Briefly explain any five of them. R: 1.- For the instruction It is a process that occurs regularly in companies, since the transmission of orders is seen in a managerial way from the highest to the lowest position. 2.- By integration: This only seeks to carry out activities where members create bonds and favor individual or collective performance 3.- To inform: The information that flows within communication occurs in companies as it flows horizo...

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