Explain the Difference Between Manifest Functions and Latent Functions

question 63

Essay

Explain the difference between manifest functions and latent functions. Provide an example of each.

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Definitions:

Corporate Bylaws

Documents that outline the internal rules governing the management and operational procedures of a corporation.

Corporate Management

The group of individuals responsible for directing, controlling, and administering an organization or company.

S-corp

is a type of corporation that meets specific Internal Revenue Code requirements, allowing it to pass income directly to shareholders and avoid double taxation.

C-corp

A type of corporation subject to corporate income tax, distinct from its owners, who are taxed separately on their personal income from the corporation.