Four Principal Types of Corruption Are Discussed

question 21

Essay

Four principal types of corruption are discussed.Name all four and explain at least two.

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Definitions:

Interest Component

The portion of a payment that is attributed to interest on borrowed capital.

Compounded Annually

An interest calculation method where the interest is added to the principal at the end of each year, and future interest accrues on the new principal.

Accumulated

This term often refers to the total amount of something gathered over time, such as accumulated depreciation or accumulated earnings.

Liability

The financial liabilities or obligations that a company legally incurs in the course of conducting its business.