The Organisation Responsible for Controlling Risks and Promoting Competition and Efficiency

question 38

Multiple Choice

The organisation responsible for controlling risks and promoting competition and efficiency in the payment system is:

• A)the Australian Payments Clearing Association
• B)Austraclear
• C)the Payments System Board
• D)the RBA's Payment Settlement Review Group
• E)SWIFT.

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Definitions:

Employee Satisfaction

A measure of how content and fulfilled employees feel within their job roles and work environment.

Compensation System

An organized approach utilized by companies to pay and reward employees for their contributions, including salary, wages, bonuses, and benefits.

Directly Related

Having a direct connection or relevance to the matter at hand, often used to describe the relationship between work tasks and job requirements.

Compensation Administration

The process and policies involved in determining, distributing, and managing the compensation of employees within an organization.