Which of the following is true about Oral Communication?

• Oral Communication is a kind of informal communication:
In financial enterprises, oral communication is often used for quick, informal exchanges of information.
It allows for immediate feedback and clarification, which is essential in fast-paced financial environments.
While oral communication is efficient, it is not typically used for official records or legal documentation.
This type of communication is suitable for team meetings, brainstorming sessions, and daily check-ins.

🔴Additional Information:

• It acts as a legal proof:
Oral communication is generally not used as legal proof because it is not documented and can be misinterpreted.
Written communication, such as contracts and agreements, is typically required for legal purposes in financial enterprises.

• It is not suitable for addressing people:
This statement is incorrect as oral communication is quite suitable for addressing groups, especially in meetings and presentations.
It allows for direct interaction and immediate feedback, which is beneficial for addressing teams and stakeholders.

• Oral communication is more reliable than written communication:
Oral communication can be less reliable than written communication as it is prone to misunderstandings and lacks a permanent record.
In financial enterprises, written communication is often preferred for critical information to ensure accuracy and accountability.