Fiat Money – Explained

by TheBusinessProfessor | Feb 23, 2025 | Economic Analysis & Monetary Policy

What is Fiat Money?Fiat is a word in Latin that means let us do it our way, or it shall be. In economics, fiat money or fiat currency is money that obtains its value from a governments legal tender, rather than from a physical commodity like gold or silver. The value...

Federal Tax Lien – Explained

by TheBusinessProfessor | Feb 23, 2025 | Business Taxation

What is a Federal Tax Lien?Federal tax lien exists only after the assessment and publications of a taxpayers debt details by the Internal Revenue Service (IRS). The publication serves as a notice to liens, and he or she must make the payments. Federal tax liens apply...

Communication and Individual Perception – Explained

by TheBusinessProfessor | Feb 23, 2025 | Business Communications & Negotiation

How Does Perception Affect Communication?One’s perspective determines how they view the world. The speaker or writer needs to make the message tailored to the listener or readers’ needs such that an association is established. The style of writing, the...

Visual Communication (Data and Graphics) – Explained

by TheBusinessProfessor | Feb 23, 2025 | Business Communications & Negotiation

Communicating Data and Using GraphicsThere needs to be certain objectives for managing and utilizing the data. The information that can be quantified should be communicated effectively. The principles of ethics and effectiveness can be applied by selecting a specific...

Revising Written Communications – Explained

by TheBusinessProfessor | Feb 23, 2025 | Business Communications & Negotiation

How to Revise a Written Message?Revising a written message focuses on sentence construction, grammar, and structure. Structure includes: Framing – Framing refers to how information is presented, including margins, line justifications, and template expectations....

Organization of Written Communications – Explained

by TheBusinessProfessor | Feb 23, 2025 | Business Communications & Negotiation

How are Written Communications Organized?Business writing is done with the basic objective to communicate ideas that are integral to the success of the business. Each message should have components that enhance the understanding of the audience. Ask questions like:...

Style in Written Communication – Explained

by TheBusinessProfessor | Feb 23, 2025 | Business Communications & Negotiation

What is Style in Written Communication?The first major element of written communication are the two perspectives.Structural Perspective – Words are signs that carry significance and help us to communicate. They are hung together in certain ways which, when taken...

Process for Written Communication – Explained

by TheBusinessProfessor | Feb 23, 2025 | Business Communications & Negotiation

What is Written Communication? Words are inherently abstract. It is easier to agree upon, comprehend and define the standard features of concrete terms. Abstract terms become more intangible with extensive discussions. Concrete terms help you make your writings...

Verbal and Non-Verbal Communications – Explained

by TheBusinessProfessor | Feb 23, 2025 | Business Communications & Negotiation

What is Verbal Communication?Verbal communication is made up of oral and written language. Verbal communication involves the words said while non-verbal communication consists of how the words are spoken. The facial expressions, tone of one’s voice, gestures and...

Paradigm Shift – Explained

by TheBusinessProfessor | Feb 23, 2025 | Management, Leadership, & Organizational Behavior

What is a Paradigm Shift?A paradigm shift refers to a major change in understanding and in how certain processes are achieved. In business, a paradigm shift often occurs when new technology is introduced which radically changes a goods production process.