An Ownership Interest of One Percent or More Between Parties

question 8

Multiple Choice

An ownership interest of one percent or more between parties involved with a CLO operation is called a "controlled business arrangement" and must be:

• A) a required used of any affiliated company
• B) disclosed to any consumer
• C) prohibited to use an affiliated company
• D) at least a 25 percent discount given by an affiliated company

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Definitions:

Opportunist Crime

A crime committed without premeditation or planning, seizing the moment when it appears advantageous.

Employee Theft

The act of stealing assets, money, or proprietary information from one's employer or workplace.

Corporate Headquarters

The main office or central hub of a corporation where key managerial and executive activities occur, often seen as the symbolic and functional center of the company.

Board of Directors

A group of individuals elected by shareholders to oversee the activities and direction of a company.