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The Sponsor,project Manager and Team Can Establish Powerful Relationships with Key

question 6

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The sponsor,project manager and team can establish powerful relationships with key stakeholders.This starts with an understanding of what motivates each stakeholder,which can be summarized by the old saying ______:​ 


Definitions:

Compensation Committee

A committee within a board of directors, responsible for recommending policies on executive compensation, including salaries, incentives, and benefit plans.

Audit Committee

In corporation law, a committee of the board that recommends and supervises the public accountant who audits the corporation’s financial records.

Executive Committee

A subgroup of an organization's board or leadership that makes key decisions between full board meetings or manages certain aspects of the organization's operations.

Corporate Profits

The surplus income of a corporation after all operating expenses, including taxes and interest on debt, have been deducted from total revenue.

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