What term refers to the transfer of information between different people and between business organizations?

Prepare for the IB Business and Management SL Exam. Utilize flashcards and multiple choice questions, each with hints and explanations. Get ready for success!

Multiple Choice

What term refers to the transfer of information between different people and between business organizations?

Explanation:
Communication is the transfer of information between different people and between business organizations. It covers sharing ideas, data, instructions, and feedback through verbal, written, or electronic channels, and can occur both inside a company and with external partners. Effective communication helps ensure everyone understands goals, coordinates actions, and makes better decisions, while reducing misunderstandings. Delegation is about giving authority to act, not exchanging information. Responsibility refers to duties someone has, not how information is shared. A network is the system of people and organizations connected together; it’s the structure that enables communication, not the act of transferring information itself.

Communication is the transfer of information between different people and between business organizations. It covers sharing ideas, data, instructions, and feedback through verbal, written, or electronic channels, and can occur both inside a company and with external partners. Effective communication helps ensure everyone understands goals, coordinates actions, and makes better decisions, while reducing misunderstandings. Delegation is about giving authority to act, not exchanging information. Responsibility refers to duties someone has, not how information is shared. A network is the system of people and organizations connected together; it’s the structure that enables communication, not the act of transferring information itself.

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