When Virtually All Officers in an Organization Are Engaged in Systematic

question 2

Multiple Choice

When virtually all officers in an organization are engaged in systematic arrangements with criminal elements, this type of corruption is known as

• A)dog-eat-dog corruption.
• B)pervasive organized corruption.
• C)public-be-damned corruption.
• D)omnipresent organized corruption.

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Definitions:

Expenses

Costs incurred by a business in the process of earning revenue.

Consuming Services

Consuming services refers to the use of services provided by businesses or individuals which are utilized and exhausted during the process, such as electricity, consulting, or maintenance services.

Generating Revenues

The process of bringing in income from business activities, sales, or services offered.

Drawing Account

An account used to track withdrawals made by the owner from the business for personal use.