_________ refers to the process of ensuring that an organization follows laws, regulations, standards, and ethical practices.
- Compliance
- Governance
- Oversight
- Regulation
Compliance with regulatory standards involves adhering to laws, regulations, and ethical practices to ensure the organization operates within legal and ethical boundaries. Governance typically encompasses broader decision-making structures within the organization. Oversight may involve supervision but does not necessarily include adherence to specific laws and regulations. Regulation refers to the rules set by authorities but may not encompass ethical practices directly.
Loading...
Related Quiz
- What role does reframing play in creative problem solving?
- A new competitor enters the market offering similar products at lower prices. How would you retain existing customers in this scenario?
- Your company is facing a challenging problem that requires a fresh perspective. How would you approach the problem-solving process to generate innovative solutions?
- Explain the difference between supervised and unsupervised learning in the context of pattern recognition.
- What is the role of prototyping in the creative problem-solving process?