What Term Is Used to Describe the Use of Close

question 177

Short Answer

What term is used to describe the use of close personal and familial relationships among politicians, bankers, and entrepreneurs for economic gain?

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Definitions:

Operating Expenses

Costs incurred in the normal operation of a business, excluding the cost of goods sold.

Direct Expenses

Expenses that can be traced directly to a specific department.

Specific Department

A designated segment within an organization focused on a particular area of activity or operations.

Profit Center

A business unit or department which is treated as a separate entity for the purpose of calculating its profitability.