ARM 400 - Chapter 8 Exam | Questions with 100%
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2026/2027
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Terms in this set (21)
An organization's adherence to Compliance
external legal and regulatory
requirements as well as to internal
policies and standards.
The individual tasked with ensuring Chief Compliance Officer
the organization's compliance with
external requirements such as laws
and regulations as well as
compliance with internal policies and
procedures.
This governmental compliance United States Department of Labor
enforces the Fair Labor Standards
Act (FLSA), which establishes
minimum wage and overtime pay
requirements by which employers in
the U.S. must abide. It also dictates
when hourly employees have to be
compensated for things like pre- and
post-shift activities.
, This governmental compliance Foreign Corrupt Practices Act (FCPA)
prohibits bribery of foreign
government officials in an effort to
obtain or retain business. The FCPA
applies to U.S. and foreign
organizations that make or facilitate
prohibited payments within the
territory of the U.S.
This governmental compliance is a Alternative Investment Fund Managers Directive
European Union (EU) directive that (AIFMD)
places hedge funds and private
equity funds under the supervision of
the EU regulatory body. It
establishes transparency
requirements, obligating fund
managers to allow investors and
regulators a greater understanding
of the fund's assets, liabilities,
income, expenditures, activities,
remunerations, and material changes
at the time of marketing and on a
periodic basis.
This governmental compliance Cyber Security Law of the People's Republic of
requires companies that operate China
their own online networks—primarily
information technology companies,
internet service providers, and
telecommunication companies—to
take steps to safeguard networks
and user data. It also requires
companies to monitor users' online
activity and not allow them to post
illegal content.
Correct Answers | Verified | Latest Update
2026/2027
Save
Terms in this set (21)
An organization's adherence to Compliance
external legal and regulatory
requirements as well as to internal
policies and standards.
The individual tasked with ensuring Chief Compliance Officer
the organization's compliance with
external requirements such as laws
and regulations as well as
compliance with internal policies and
procedures.
This governmental compliance United States Department of Labor
enforces the Fair Labor Standards
Act (FLSA), which establishes
minimum wage and overtime pay
requirements by which employers in
the U.S. must abide. It also dictates
when hourly employees have to be
compensated for things like pre- and
post-shift activities.
, This governmental compliance Foreign Corrupt Practices Act (FCPA)
prohibits bribery of foreign
government officials in an effort to
obtain or retain business. The FCPA
applies to U.S. and foreign
organizations that make or facilitate
prohibited payments within the
territory of the U.S.
This governmental compliance is a Alternative Investment Fund Managers Directive
European Union (EU) directive that (AIFMD)
places hedge funds and private
equity funds under the supervision of
the EU regulatory body. It
establishes transparency
requirements, obligating fund
managers to allow investors and
regulators a greater understanding
of the fund's assets, liabilities,
income, expenditures, activities,
remunerations, and material changes
at the time of marketing and on a
periodic basis.
This governmental compliance Cyber Security Law of the People's Republic of
requires companies that operate China
their own online networks—primarily
information technology companies,
internet service providers, and
telecommunication companies—to
take steps to safeguard networks
and user data. It also requires
companies to monitor users' online
activity and not allow them to post
illegal content.
