ENTREPRENEURIAL OPERATIONS
INVENTORY MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Ensuring compliance with regulations can be challenging, and failure to comply can result in fines or even closure of the business.
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true
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false
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Either A or B
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None of the above
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Explanation:
Detailed explanation-1: -Regulatory compliance is an organization’s adherence to laws, regulations, guidelines and specifications relevant to its business processes. Violations of regulatory compliance often result in legal punishment, including federal fines.
Detailed explanation-2: -Compliance Officers are responsible for ensuring that all corporate processes and procedures comply with the law. And not only the law-a Compliance Officer is also responsible for ensuring that company operations comply with internal standards too.
There is 1 question to complete.