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Glowbot is a mobile app development firm. The firm allows its employees to grow by giving them the liberty to make their own decisions to help maximize the firm's benefits as well as the customer's benefits. The employees are treated fairly, and diversity is welcomed in the organization. This scenario illustrates the concept of _____.
Bank Account
A financial arrangement with a banking institution that allows for the deposit and withdrawal of money.
Risk Assessment
The process of identifying, analyzing, and responding to risk factors throughout the life of a project or business operation, aiming to minimize losses.
Internal Control
Systems and procedures implemented by a company to ensure integrity in financial reporting, compliance with laws and regulations, and effectiveness in operations.
Internal Control
A system of policies, procedures, and measures designed to protect assets, ensure accurate financial reporting, compliance with laws and regulations, and achieve effective and efficient operations.
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