In Which of the Following Classes of Corporation Are the Controlling

question 29

Multiple Choice

In which of the following classes of corporation are the controlling shareholders the only managers of the business?

• A) For-profit corporation
• B) Close corporation
• C) Not-for-profit corporation
• D) Publicly held corporation

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Definitions:

Role-Sets

Concept in sociology referring to the array of roles and behaviors expected of an individual in a particular social position.

The Grapevine

An informal, unofficial, and personal communication network found within or across organizations, which is faster and more versatile than formal channels.

Informal Channel

A method of communication that occurs outside official or formal organizational structures, often relying on personal networks or social media.

Communication

The process of exchanging information, thoughts, messages, or speeches, either verbally or non-verbally, between two or more parties.