What are the two distinct types of corporate activities

Question

What are the two distinct types of corporate activities?

Answer 1

The two distinct types of corporate activities are:-

a) “The affairs: the internal arrangements among those responsible for running a corporation”: directors, officers, and shareholders.

b) “The business: the external relations between a corporation and those who deal with it as a business enterprise—its customers, suppliers, and employees—as well as relations with government regulators and society as a whole.”