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An Organization as a Whole must:

I. Provide an environment in which an Escalation Policy can be effective

II. Commit itself to actual enforcement of corporate governance policies

III. Provide ongoing education and training to all employees on the role of risk management and corporate governance in the organization

IV. Publish an external auditor's opinion that the corporation is in compliance with the Board's publicly stated Standards of Corporate Governance

A.

I, II and III only

B.

I, III and IV only

C.

I, II and IV only

D.

All of these are expectations of the Organization as a Whole

The hedging strategy employed by MG Refining & Marketing has been called:

A.

Dynamic hedging

B.

A stacked hedge

C.

A differential hedge

D.

Nothing because MG Refining & Marketing did not hedge its position

What was the most important loss for Bankers Trust?

A.

Money due to unfavourable market moves

B.

Loss of its' reputation due to actions seen as detrimental to their clients

C.

Loss of market share due to their licenses being revoked

D.

Time spent on legal proceedings in courts