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2 years ago

Compliance is the responsibility of the Compliance Officer, Compliance Committee, and Upper Management only.

1 answer:

6 0

Compliance is not the sole responsibility of compliance officer or the upper management or the compliance committee. Compliance is the responsibility of all individuals of the company.

<h3>What is Compliance?</h3>

Compliance is the act of ensuring that all the protocols mentioned in the policy are followed effectively, all the controls are in process and in working condition with complete effectiveness.

It is the duty of all the individuals to comply with the policies and ensure that the procedures are performed as per the standard operating guidelines. The compliance is not only the duty for the compliance individuals.

It is duty for all the individuals however those charged with governance are more likely to take actions against any procedure failure, but if there is any mishap and if there is a miss in the procedures being not correctly performed, it should be reported.

Learn more about Compliance at brainly.com/question/27046365

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3 years ago

Which of the following is NOT one of the reasons that globalization has taken place?

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Answer: The correct answer is choice c.

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Cheaper labor is one of the primary reasons why some businesses are moving their manufacturing to other countries, making it the correct choice for this question.

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3 years ago

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3 years ago

Two types of multitasking are:

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The second option is the correct one.

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2 years ago

Which of the following would tend to increase a firm's target debt ratio,other things held constant?

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Answer:

D) The Federal Reserve tightens interest rates in an effort to fight inflation.

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When the Federal pursues a contractionary monetary policy to fight inflation, it sells securities in order to raise the interest rate.

A higher interest rate means that both investing and borrowing becomes more expensive. The firm's previous debts become more expensive because they interest rate is now higher. For this reason, other things held constant, the frim has to raise its target debt ratio.

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3 years ago