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Briefly Describe the Formal and Informal Channels That Communication Travels

question 56

Essay

Briefly describe the formal and informal channels that communication travels within an organization.


Definitions:

Annual Salary

The total amount of money an employee earns in one year before taxes and other deductions.

Commission Rate

The percentage of a sale price that is paid to an agent or employee for their sales efforts or services.

Stockbroker

A professional who buys and sells stocks and other securities for clients in exchange for a fee or commission.

Transaction

An agreement or communication carried out between a buyer and a seller to exchange an asset for payment.

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