Characteristics of a Corporation Include

question 196

Multiple Choice

Characteristics of a corporation include

• A) shareholders who are mutual agents
• B) direct management by the shareholders (owners)
• C) its inability to own property
• D) shareholders who have limited liability

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Definitions:

Organizational Charts

Diagrams that depict the structure of an organization, including the relationships and relative ranks of its parts and positions/jobs.

Horizontal Communication

The exchange of information, ideas, and messages between individuals or groups at the same level in an organization.

Upward Communication

The process of information flow from the lower levels of a hierarchy to the upper levels.

Formal Communication Network

The structured and officially sanctioned channels of communication within an organization.