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NEW QUESTION: 1
A close relative of a privately-owned bank's senior manager requests to open an account. Because of this relationship, the staff expedites the opening of the account without following established account-opening procedures. Applying the Basel Committee on Banking Supervision principles, which of the following poses the highest operational risk?
A. Not having appropriate information to share with Financial Intelligence Units.
B. The possibility of lawsuits that adversely affect the operations of a bank.
C. Failure to conduct proper due diligence.
D. The bank's exposure to politically exposed persons.
Answer: C

NEW QUESTION: 2
Which of the following statement are correct in reference to primary cost element?
Please choose the correct answer.
Response:
A. An example of primary cost is depreciation of fixed assets, telephone expenses, repair& maintenance expenses in a manufacturing organization.
B. It can be created without the respective general ledger existing in Operational charts of accounts.
C. You need to create expense accounts in financial accounting with corresponding primary cost elements in controlling.
D. The posting of primary cost element doesn't require an object in the management accounting to identify the origin of the costs.
Answer: C

NEW QUESTION: 3

A. Option E
B. Option B
C. Option D
D. Option F
E. Option C
F. Option A
Answer: A,B,E