The CBCA Describes Relationships Between the Shareholders, Directors, and Officers

question 25

Multiple Choice

The CBCA describes relationships between the shareholders, directors, and officers of a corporation as _ ; whereas the relationships between the corporation and its customers, suppliers, and employees is referred to as _ .

• A) decision making; profit producing
• B) external arrangements; internal arrangements
• C) the affairs; the business
• D) VIP functions; the enterprise
• E) beneficiaries; external resources

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Definitions:

Formal Group

A group formed by an organization to accomplish specific tasks or objectives, characterized by structured roles, responsibilities, and processes.

Building Trust

The development of confidence and reliability in relationships, fostering a sense of security and expectations of positive actions.

Approachable

Being easy to speak to or approach, creating an environment where people feel comfortable to communicate openly.

Virtual Team

A group of individuals who work together from different geographic locations, relying on digital communication technologies to collaborate and achieve common goals.