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NEW QUESTION: 1
As to general risk management principles, the Model Code mentions that the organizationalstructure should ensure independent risk management and controls. Which one of the following is not among those controls?
A. complete segregation of duties between the front, middle and back office activities
B. open and effective communication channels between all levels of staff and cross-functions should be maintained.
C. regular internal audits should be carried out together with trading and risk management to ensure early identification of internal control weaknesses
D. a separate system for independent monitoring to ensure compliance with the risk management framework should be in place
Answer: C

NEW QUESTION: 2
Which of the following control types has the highest risk to the owner:
A. Cost plus incentive fee (CPIF)
B. Cost plus fixed fee (CPFF)
C. Firm fixed price (FFP)
D. Firm fixed price (FFP)and Time and material (T&M)
E. Time and material (T&M)
Answer: E

NEW QUESTION: 3

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

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