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What Is the Informal Communication Network? How Effective Is It

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Essay

What is the informal communication network? How effective is it? How does an effective manager deal with it?


Definitions:

Gain From Trade

The benefits that parties obtain by exchanging goods or services through voluntary negotiation.

Barrels

A unit of volume measurement used in the oil industry, with one barrel equivalent to 42 U.S. gallons.

Oil

A fossil fuel used primarily for energy production and as a raw material in manufacturing.

Absolute Advantage

Refers to the ability of a country, individual, or firm to produce a good or service more efficiently than competitors, using fewer resources.

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