Set of rules consisting of behavior towards its directors, creditors, shareholders, competitors and community is considered as____________?
Correct answer: C. Corporate governance
- A. Agency governance
- B. Hiring governance
- C. Corporate governance
- D. External governance
Explanation
Corporate governance is the system of rules and relationships guiding a corporation’s dealings with directors, shareholders, creditors, competitors and the community. The other terms are not standard governance classifications.
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About Business Finance
Business finance explains how organisations plan, obtain and use money while balancing risk, return and liquidity. Topics include financial statements, time value of money, budgeting, working capital, capital structure, sources of finance, investment appraisal and cost of capital. Capital budgeting evaluates long-term projects, whereas working capital manages day-to-day operations.
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