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.
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Answer:
The correct answer is: price must rise, but equilibrium quantity may rise, fall, or remain unchanged.
Explanation:
If the supply of a product decreases the supply curve will shift to the left. At the same time, if there is an increase in demand, the demand curve will move to the right. This simultaneous shift in both demand and supply will lead to an increase in the price of the product.
The change in the quantity demanded will depend on the extent of change in demand and supply.
If both changes by the same proportion the equilibrium quantity will remain the same. If demand increases more than the decrease in supply the equilibrium quantity will increase. If the demand increases less than decrease in supply, the equilibrium quantity will fall.
Answer:
1000-100-10 = 890 dollars left
He needs 110 dollars to pay the money he borrowed back.
Explanation:
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Answer:
Tires bought by a driver for her personal use- final good
Memory card bought by a photographer-intermediate good
Lenses bought by a camera manufacturer- intermediate good
Tires bought by a car manufacturer-intermediate good
Explanation:
Since tires are for personal use and not used to produce any other good it will be classified as a final good.
A memory card bought by a photographer will be used in creating new pictures, so it will be categorized as an intermediate good.
Similarly, lenses bought by a camera manufacturer will be used for making cameras and tires bought by a car manufacturer will be used for making cars. So both will be classified as a final good.
Answer:
By showing them that this new way is more effective. Actions speak louder than words.