Which of the Following Statements Is Not True

question 2

Multiple Choice

Which of the following statements is not true?

• A)ACCC is responsible for market integrity and consumer protection across the financial system.
• B)The RBA is responsible for prudential supervision and the promotion of financial system stability.
• C)The RBA is responsible for monetary policy and for overall financial system stability.
• D)APRA is responsible for prudential supervision of the financial services industry and supervises all deposit-taking institutions.

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Definitions:

Crosby's 'Four Absolutes'

A quality management philosophy emphasizing prevention over inspection, zero defects as the quality standard, quality measurement, and the quality performance standard must be zero defects.

Deming's '14 Points'

A set of management practices introduced by W. Edwards Deming to help organizations increase quality and productivity.

ISO 9000 Certification

A family of standards for quality management systems that is designed to help organizations ensure they meet the needs of customers and other stakeholders.

Rigorous Assessment

A thorough and detailed evaluation process to accurately measure or analyze a particular aspect, condition, or set of data.