Which of the following would be considered a second line of defense in the Three Lines of Defense model?
a) A production line supervisor inspecting a sample of finished goods to ensure quality standards are met.
b) An accounting supervisor conducting a monthly review to ensure all reconciliations were completed properly.
c) A bank's internal audit team conducting an engagement to provide assurance on the compliance of the company's anti-money laundering program.
d) A staff member of the corporate compliance and ethics office conducting a review of employee certifications that they have reviewed the organization's code of ethics
Answer: d) A staff member of the corporate compliance and ethics office conducting a review of employee certifications that they have reviewed the organization's code of ethics
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A ________ strategy is characterized by substantial control over country operations by headquarters in order to increase efficiency and integration
A) multilocal B) home replication C) multidomestic D) global
Stock index options can be used for which of the following investment purposes?
I. protect a portfolio from market declines II. speculate on the price appreciation of a particular common stock III. take advantage of a leverage opportunity IV. create a portfolio hedge A) I and IV only B) II and IV only C) I and III only D) I, III and IV only