Final answer:
Effective listening skills serve multiple purposes in the business setting, including identifying next steps, reducing ambiguity, and confirming understanding.
Step-by-step explanation:
Effective listening skills serve several purposes in the business setting. One purpose is to identify the warranted subsequent steps in the current project, ensuring that the necessary actions are taken. Another purpose is to decrease ambiguity, which could lead to costly mistakes if not addressed. Additionally, effective listening skills help to confirm the communicator's message and obtain understanding, allowing for better decision-making and collaboration.