Whether a Person Setting Up a New Business Operates as a Sole

question 41

Multiple Choice

Whether a person setting up a new business operates as a sole trader, forms a partnership or sets up a company is a question about the:

• A)Architecture of the business.
• B)Legal structure of the business.
• C)Social structure of the business.
• D)Profitability of the business.

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Definitions:

External Communication

Meaningful exchange of information through messages transmitted between an organization and its major audiences.

Grapevine Communication

An informal method of spreading information through social networks within an organization, not based on formal channels.

Informal Communication

This is the unofficial, casual form of communication that occurs within an organization, often referred to as the grapevine.

Federal Labor Laws

Laws established by the federal government to regulate labor practices, protect workers' rights, and manage relations between unions, employees, and employers.