The Absence of Reliable or Consistent Governance from Recognized Government

question 93

Multiple Choice

The absence of reliable or consistent governance from recognized government authorities ________.

• A) decreases risks
• B) increases managers' ability to forecast business conditions
• C) increases business costs
• D) increases inward FDI

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Definitions:

Accounting Records

Documentation and books that systematically record all financial transactions of an entity, allowing for financial statement preparation and auditing.

Safeguard Assets

Involves implementing controls and measures to protect a company's assets from theft, damage, or misuse.

Debit Memorandum

A document issued by a buyer to a seller notifying of a debit made in the seller's account, often used in adjustments for returned goods or discrepancies.

Note Receivable

A written promise that one party will pay another a specific sum of money at a certain time or on demand.