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Financial controls are the policies and procedures put into place by a business or organization to track, manage and report its financial resources and transactions. Financial controls include, but are not limited to, in... More »

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An annuity is a financial product that a person invests in and at a later date begins to receive income from. The amount of money an individual receives depends on what type of annuity is chosen. More »

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"Fiduciary" is used to describe a person or institution (such as a bank or financial manager) trusted by an investor to handle financial decisions such as investment and brokerage. It is also used as an adjective to desc... More »

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A traditional business is typically an organization that is a store, restaurant or agency. These types of businesses offer consumers some kind of service or product. More »

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The definition of global business environment is multiple sovereign nations outside of the organization's home environment influencing how the organization makes decisions for how to use its resources. The company's oper... More »

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Administration is concerned with setting objectives and policies for an organization. This differs from management in that management is not concerned with determining policy, but rather with putting policies into practi... More »

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To apply your organization's values and policies, ensure that they are clearly written down and distributed to employees, establish concrete actions and expectations, and make consistent leadership decisions. Expect the ... More »

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