Lateral Communications Are Often Created to Short-Circuit the Vertical Hierarchy

question 42

True/False

Lateral communications are often created to short-circuit the vertical hierarchy within an organization.

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Definitions:

High Inflation

A period of rapidly increasing prices, decreasing the purchasing power of money.

Industrial Capitalists

Individuals or entities investing in industries for production, with the aim of generating profit through ownership of capital goods.

Labor Unions

Organizations formed by workers from related fields to protect their common interests and improve their working conditions through collective bargaining.

Bank Failures

occur when banks are unable to meet their obligations to depositors and creditors and must close or be taken over by regulatory agencies.