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alexira [117]
2 years ago
5

In the financial services sector, some organizations have implemented a three-lines-of defense model. What does the use of this

model suggest about an organization’s structure?
Business
1 answer:
Dovator [93]2 years ago
4 0

Answer:

The correct answer is: This organization uses a layered approach that creates a separation of duties.

Explanation:

The Three Lines of Defense model is an approach used to divide the duties of the financial department of an organization aiming to improve risk management and control. The first line of defense involves management and control measures. The second line includes financial control, security, quality, inspection, and compliance. The first and second lines of defense are in charge of <em>senior managers</em> of the entity.

The third line of defense involves the internal audits of the company and is in charge of the <em>Board of Directors</em> (BoD).

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Business operations Essay​
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The description of the given term "Business operations" is provided below.

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Suppose you borrow $10,000 right now to start a business. If the terms of the loan require you to pay back $16,000 in 5 years, w
Alexxandr [17]

Answer:

r = 9.86%

Explanation:

The formula for calculating the future value of an invested amount yielding a compound interest is given by:

FV=PV(1+\frac{r}{n})^{nt}

where:

FV = future value = $16,000

PV = present value = $10,000

r = interest rate = ?

n = number of compounding period per year = 1

t = time in years = 5

∴ 16000=10000(1+\frac{r}{1})^{5}

dividing both sides by 10,000

\frac{16000}{10000} =\frac{10000(1+\frac{r}{1})^{5}}{10000}

1.6 = (1 + r)^{5}

to remove the power of 5, we have to take the 5th root of both sides:

(1.6)^{1/5} = (1 + r )^{5 * 1/5}

Using your calculator:

1.09856 = 1 + r

∴ r = 1.09856 - 1 = 0.09856

r = 0.0986 = 9.86%

∴ r = 9.86%

8 0
3 years ago
What is meant by allocative efficiency? Allocative efficiency is when every good or service A. is produced up to the point where
Alborosie

Answer:

Option (E) is correct.

Explanation:

Allocative efficiency is created when the gap between marginal benefit and marginal cost is maximum. The marginal benefit is the benefit that a consumer can get by consuming an additional unit of a commodity and the marginal cost is the cost that a producer incurred by producing an additional unit.

Hence, the allocative efficiency is achieved where the difference between these two terms is maximized.

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