Examlex
When collective socialization tactics are used, newcomers go through a common learning experience designed to produce standardized or highly similar responses to different situations.
Business Trust
A business organization governed by a group of trustees who operate the trust for beneficiaries.
Trustees
Trustees are individuals or organizations appointed to manage assets on behalf of others, typically in a trust fund.
Beneficiaries
Beneficiaries are individuals or entities designated to receive benefits or assets under a legal instrument, such as a will, trust, or insurance policy.
Chain-Style Business Operation
A type of franchise in which the franchise operates under the franchisor’s business name and is required to follow the franchisor’s standards and methods of business operation.
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