If you add two more people to a project team of five, 18 more communication channels will you add.
A communication channel is a medium between two people communicating. As people increases in communication, the number of channels increases. The increased channel creates more complexity in communications as people get more paths to communicate with each other. Hence, to calculate the number of communication channels, there is a formula derived:
Communication channels can be divided into three main channels: (1) verbal, (2) written, and (3) non-verbal. Each of these communication channels has different strengths and weaknesses, and often more than one channel can be used at once.
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The typical relationship between satisfaction and loyalty is Satisfaction determines loyalty.
<h3>How are satisfaction and loyalty related?</h3>
In the business world, loyalty is dependent on satisfaction because the level of satisfaction that a consumer gets will determine if they will be loyal to a brand.
This is why companies place a huge premium on pleasing their customers to ensure that they are loyal to the brand.
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The banking panic of 1907 and the resulting cash shortage led to the formation of the Comptroller of the Currency.
<u>Explanation:</u>
The Office of the Comptroller of the Currency (OCC), established by National Currency Act of 1863 serves to supervise, regulate and charter all national banks, thrift institutions and all the other federally licensed branches in US. The current Comptroller of the Currency is Joseph Otting.
The banking panic of 1907 has been a main motivation in creating the 3rd central banking system in 1907–1913. This was initiated by failed speculation that led to bankruptcy of 2 brokerage firms.
The public started to panic that the trust and banking industries were experiencing liquidity crunches and had the currencies only to meet short-term or immediate obligations. This caused bank runs and set off the financial panic of 1907 nationwide and it lasted for months.
