Which of the following statements best describes compliance risk? Compliance risk is how a business evaluates the laws and regulations that affect a business and how it adapts to follow them. Compliance risk is related to the flow of money within a business. Compliance risk relates to the day-to-day operations that can change the success of a company. Compliance risk is when a company's strategy becomes less effective, which then impacts the company's profit and goals.
Which of the following statements best describes compliance risk? Compliance risk is how a business evaluates the laws and regulations that affect a business and how it adapts to follow them. Compliance risk is related to the flow of money within a business. Compliance risk relates to the day-to-day operations that can change the success of a company. Compliance risk is when a company's strategy becomes less effective, which then impacts the company's profit and goals.
Managerial Economics: A Problem Solving Approach
5th Edition
ISBN:9781337106665
Author:Luke M. Froeb, Brian T. McCann, Michael R. Ward, Mike Shor
Publisher:Luke M. Froeb, Brian T. McCann, Michael R. Ward, Mike Shor
Chapter10: Strategy: The Quest To Keep Profit From Eroding
Section: Chapter Questions
Problem 10.2IP
Question
Which of the following statements best describes compliance risk?
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Compliance risk is how a business evaluates the laws and regulations that affect a business and how it adapts to follow them.
|
|
Compliance risk is related to the flow of money within a business.
|
|
Compliance risk relates to the day-to-day operations that can change the success of a company.
|
|
Compliance risk is when a company's strategy becomes less effective, which then impacts the company's profit and goals.
|
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