INTRODUCTION TO ENTREPRENEURSHIP
IMPORTANCE OF ENTREPRENEURSHIP IN ECONOMIC DEVELOPMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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It encourages transparency
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It decreases investor confidence
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It creates a less definable brand
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It maximizes corruption
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Detailed explanation-1: -Transparency is a critical component of corporate governance because it ensures that all of a company’s actions can be checked at any given time by an outside observer. This makes its processes and transactions verifiable, so if a question does come up about a step, the company can provide a clear answer.
Detailed explanation-2: -To achieve transparency, an organisation must provide information about its activities and governance to stakeholders that is accurate, complete and made available in a timely way. Transparency enables accountability. This does not mean all information should be made publicly available.
Detailed explanation-3: -Efficient Processes. Smoother Running Operations. Good Reputation. Clarity. Financial Sustainability. Effective Response to External Environment. 01-Apr-2021