Focuses More on Creating a Culture of Openness Than Eliminating

question 8

Multiple Choice

focuses more on creating a culture of openness than eliminating opportunities.

• A) Proactive auditing
• B) Installing good internal controls
• C) Monitoring employees
• D) Creating a positive work environment

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Definitions:

Separate Legal Entity

A legal concept that separates the identity of a corporation or limited liability company from its shareholders or owners, allowing it to own property, sue or be sued, enter contracts, and conduct business in its own name.

Personal Liability

The legal responsibility of an individual to repay debt or fulfill obligations from personal assets.

Partnership Form

An official business configuration where management roles and profit disbursements are shared among a few individuals.

Service-Type Businesses

Businesses that provide services instead of producing tangible goods.