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What Is an Organization's Most Common Informal Network

question 49

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What is an organization's most common informal network?


Definitions:

Manager-Managed LLC

A limited liability company where the daily operations are overseen by appointed managers rather than all members.

LLC Members

Individuals or entities that own an interest in a limited liability company and have rights and responsibilities outlined in the LLC's operating agreement.

Limited Liability Company

A corporate framework that merges the direct tax benefits of partnerships or sole proprietorships with the protective limited liability features of a corporation.

Member-Managed

A management structure for an LLC where all members participate in the decision-making processes directly.

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