The CBCA describes relationships between the shareholders, directors, and officers of a corporation as _ ; whereas the relationships between the corporation and its customers, suppliers, and employees is referred to as _ .

Question

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The CBCA (Canada Business Corporations Act) refers to the internal workings and governance of a corporation as "the affairs," which includes relationships between shareholders, directors, and officers. The term "the business" refers to the corporation's external operations and interactions with customers, suppliers, and employees.

The CBCA Describes Relationships Between the Shareholders, Directors, and Officers