Describe Informal Communication and Give an Example of a Destructive

question 84

Essay

Describe informal communication and give an example of a destructive informal communication channel.

Identify and distinguish between different types of agency relationships and the circumstances that can alter these relationships.

Recognize the duties and frequency of accounting that an agent owes to their principal.

Understand the obligations agents have towards their principals, including obedience and the exercise of reasonable judgment.

Grasp different types of authority agents can hold and how these authorities influence business operations.

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Definitions:

Assembly Line

A manufacturing process in which parts are added to a product in a sequential manner using optimally planned logistics to create a finished product much faster than with traditional methods.

BMW

Bayerische Motoren Werke AG, a German multinational company which produces luxury vehicles and motorcycles.

Internal Activity

Tasks, operations, or works conducted within an organization or entity, often as opposed to interactions with external parties.

SCM

Supply Chain Management; the oversight of materials, information, and finances as they move from supplier to manufacturer to wholesaler to retailer to consumer.