Organizational Members Feeling More Comfortable Sharing Confidential Information Without Fear

question 10

Multiple Choice

Organizational members feeling more comfortable sharing confidential information without fear of leaks is an example of which of the following?

• A) advantage of internal consulting
• B) advantage of external consulting
• C) disadvatnage of internal consulting
• D) disadvantage of external consulting

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Definitions:

Fair Value

The price at which an asset could be bought or sold or a liability settled, between knowledgeable, willing parties in an arm's length transaction.

Variable Interest Entity

A legal entity in which an investor holds a controlling interest that is not based on the majority of voting rights.

Consolidation

The process of combining financial information from several departments or subsidiaries within a company into a single financial statement.

Controlling Financial Interest

A situation where an entity has the power to govern the financial and operating policies of another entity so as to benefit from its activities.