Examlex
Language can serve to unite members of a given culture as new employees learn the acronyms and jargon specific to the organization.
Stakeholder
An individual or group that has an interest in any decision or activity of an organization, including employees, customers, and investors.
Corporation
A legal entity that is separate and distinct from its owners, providing limited liability to its shareholders.
Suppliers
Suppliers are businesses or individuals that provide products or services to other businesses or consumers, typically as part of a supply chain.
Agency Problem
In corporations, managers are the agents of stockholders and are often able to take advantage of the relationship by diverting corporate resources to their own use. Excessive pay is the primary example. The general situation is described as the agency problem. Costs associated with controlling the agency problem are agency costs.
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