When Corruption Is Present in the Business Environment

question 118

Multiple Choice

When corruption is present in the business environment:

• A)company leaders can threaten competitors and minimize competition.
• B) factories are easier to build without a government permit.
• C) it promotes fair competition.
• D)laborers can make more money.

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Definitions:

Driven Miles

A metric typically used to measure the distance covered by a vehicle, often for accounting and reimbursement purposes.

Double-Declining-Balance Method

A method of accelerated depreciation which doubles the normal depreciation rate, reducing the value of an asset more quickly.

Net Income

The total profit of a company after all expenses, including taxes and interest, have been deducted from total revenue.

Straight-Line Depreciation

A method of allocating the cost of a tangible asset over its useful life in a linear fashion.