Examlex
List and define each of the five elements of internal control.
Taxability
The condition of being subject to taxation by governmental authorities.
Interest Rate
The amount charged by a lender to a borrower for the use of assets, expressed as a percentage of the principal.
Productive Economic Resource
Assets or inputs used in the production of goods and services, including land, labor, capital, and entrepreneurship.
Entrepreneurship
The activity of setting up a business or businesses, taking on financial risks in the hope of profit.
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