A business might conduct a compliance audit to A. manipulate financial data to indicate profitability. B. ensure that it is following government regulations. C. develop efficient production processes. D. evaluate its vendors' performance. The nature of an agent s work and the level of an agent's control are factors that determine if a relationship exists. A. principal-collaborator B. tutor-student C. master-servant D. controller-associate What type of law is intended to enforce the rules and regulations of governmental agencies: A. Procedural B. Statutory C. Commercial D. Administrative In which of the following types of business ownership does the owner bear the entire risk of loss A Sole proprietorship B. General partnership C. Open corporation Private enterprise