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Questions and Answers
Which of the following institutions is not considered part of the financial sector?
Which of the following institutions is not considered part of the financial sector?
- Insurance companies
- Credit unions
- Retail stores (correct)
- Investment firms
What is the primary role of the financial sector in the economy?
What is the primary role of the financial sector in the economy?
- Facilitating capital formation (correct)
- Providing financial services to individuals only
- Managing risks
- Regulating businesses
Why is it important for procurement professionals to pay special attention when working with the financial sector?
Why is it important for procurement professionals to pay special attention when working with the financial sector?
- Because financial institutions do not require data security and privacy
- Because financial institutions do not outsource any services
- Because financial institutions do not rely on technology for daily operations
- Because the financial sector is heavily regulated (correct)
What is the role of procurement professionals in ensuring compliance with industry-specific regulations?
What is the role of procurement professionals in ensuring compliance with industry-specific regulations?
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Why is it important for procurement professionals to carefully source and manage technology assets when working with the financial sector?
Why is it important for procurement professionals to carefully source and manage technology assets when working with the financial sector?
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