While Carefully Developed Policies and Procedures Guide Behavior, They Need

question 124

Multiple Choice

While carefully developed policies and procedures guide behavior, they need to be reinforced with all of the following except

• A)effective communication.
• B)enforcement.
• C)monitoring.
• D)undefined corporate governance practices.

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Definitions:

GIC

A Guaranteed Investment Certificate (GIC) is a Canadian investment that offers a guaranteed rate of return over a fixed period.

Monthly Interest

Monthly interest is the amount of interest earned or paid on an investment or loan calculated and paid on a monthly basis.

Regular-interest

The standard or typical interest rate applied to savings or investment accounts, calculated over a set period.

Invested

The method of placing financial resources in expectation of yield or profit.