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?
 
 
 
 
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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