Ultimate Authority for Risk Management Lies with

question 55

Multiple Choice

Ultimate authority for risk management lies with

• A)legal counsel
• B)the head trader
• C)senior management
• D)the internal auditors
• E)the external auditors

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Definitions:

Responsibilities

Duties or tasks that an individual is expected or required to perform as part of a role, job, process, or relationship.

Group Polarization

The tendency of a group to move toward more extreme positions after group discussions, enhancing the initial leanings of the group members.

Counterculture T-shirts

Apparel that features designs or slogans opposing mainstream cultural norms, often used as a form of self-expression or protest.

Conformity

The act of matching attitudes, beliefs, and behaviors to group norms, standards, or expectations.