Which of the Following Is Not a Way to Eliminate

question 61

Multiple Choice

Which of the following is not a way to eliminate the opportunity to commit fraud?

• A) Establish a code of ethics
• B) Monitor employees
• C) Create an expectation of punishment
• D) Discourage collusion

Understand the concept and requirements of negotiable instruments.

Explain the significance and operation of commercial paper in financial transactions.

Identify and differentiate between various types of negotiable instruments, including promissory notes, drafts, and checks.

Comprehend the roles and obligations of parties involved in negotiable instruments.

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Definitions:

Social Entrepreneurship

The pursuit of entrepreneurial ventures with a major emphasis on achieving social goals and positive externalities.

Not-For-Profit

A tax status granted to companies performing functions deemed by Congress to be socially desirable that exempts them from income tax and, in some cases, allows them to receive tax-deductible donations.

Entrepreneurial Spirit

An attitude and approach characterized by innovation, risk-taking, and the ability to see and seize opportunities for business or personal gain.

Entrepreneur

An individual who undertakes the creation, organization, and ownership of an innovative business with potential for growth and financial reward.