Which of the Following Is True About a Compliance-Based Culture

question 74

Multiple Choice

Which of the following is true about a compliance-based culture and/or a value-based culture?

• A)A compliance-based culture recognizes that where a rule does not apply the firm must rely on the personal integrity of its workforce when decisions need to be made.
• B)A values-based culture is one that reinforces a particular set of rules rather than a particular set of values.
• C)Values-based organizations include a compliance structure.
• D)Value-based organizations do not have codes of conduct.

Calculate the total interest paid over the life of a loan.

Calculate the outstanding balance of a loan after a certain period of payments.

Understand and calculate the impact of refinancing a mortgage or loan at a lower interest rate.

Calculate the total amount of interest paid during a specific year of a loan’s term.

---

Definitions:

Equitable Remedy

Remedies granted by courts in situations where monetary damages are inadequate, including injunctions and specific performance, based on principles of fairness.

Breach of Contract

The act of not executing any part of a contract, be it written or oral, without an acceptable legal excuse.

Contract

A legally binding agreement between two or more parties, which outlines obligations and rights related to a particular arrangement or deal.

Automatic Weaving Machine

A mechanical device that automates the process of weaving textiles, reducing manual labor and increasing production efficiency.