The given statement " One of the steps the U.S. Sentencing Commission delineated companies must implement to demonstrate due diligence is that a firm must develop and disseminate a code of conduct that communicates required standards and identifies key risk areas for the organization " is TRUE
Explanation:
The US Sentencing Commission is an official disciplinary body of the United States federal government.
The commission outlined 7 measures to show due diligence for businesses:
1. The company shall establish and disseminate a code of ethics outlining the necessary requirements and defining key danger areas for the organization.
2. Oversight of the system is provided by top-ranking agencies considered to conform with business regulatory and ethical requirements (such as an ethics director, vice president of operations, general advocates and so forth).
3. Nobody should be positioned in a position of authority with a proven potential for wrongdoing.
4. There will also be a training program (Ethics Training) for disseminating principles and procedures.
This action is prohibited because the RIA did not get written permission from each client to release their information
Explanation:
A Registered Investment Advisor (RIA) is an entity or company that advises and maintains the portfolios of extremely wealthy individuals on securities. RIAs have a responsibility to provide financial advice that is in the best financial interest of their investors and their clients. They are also under a moral responsibility.
RIA Customer names and addresses are confidential and may not be "sold" or transmitted to another party except with written prior approval of each user. The possibility that the RIA collects computer equipment and not cash paid for providing the customer list does not impact this breach
Answer:
1) A bond of an Eastern European government
2) A bond that repays the principal in year 2040
3) A bond from a software company you run in your garage
4) A bond issued by the federal government
Explanation:
Term: Long-term bonds are riskier than short-term bonds because holders of long-term bonds have to wait longer for repayment of principal. To compensate for this risk, long-term bonds usually pay higher interest rates than short-term bonds.
Credit risk: When bond buyers perceive that the probability of default is high, they demand a higher interest rate as compensation for this risk.
Tax treatment: When state and local governments issue bonds, the bond owners are not required to pay federal income tax on the interest income. Because of this tax advantage, bonds issued by state and local governments typically pay a lower interest rate than bonds issued by corporations or the federal government.
Answer: is developed after considering possible events.
Explanation:
A contingency plan is a plan made by an organization where they prepare for the worst possible outcome from a current event. A contingency plan is formed after considering various outcomes that can occur and preparing for the worst possible case scenario. A contingency plan helps a company to be prepared for any outcome positive or negative.
<span>The balance on Feb 1 was $44,100. Find by solving for x, the account balance on Feb 1, knowing that $59,900 was the balance on Feb 28. Find by adding $201,400 of purchases and subtracting $186,500 paid to creditors:
x + 201,400 - 186,500 = 59,000.
x + 201,400 = 245,500
x = 44,100</span>
