Practice Test Geeks(COM) Certified Operations Manager Practice Test
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Regulatory Compliance Flashcards

7 cards from real COM practice questions. Tap to flip, then mark Knew It or Still Learning — missed cards come back until you master them.

Read the first 7 Regulatory Compliance flashcards as text

  1. Under OSHA's Hazard Communication Standard (HazCom), what must be included on a Safety Data Sheet (SDS)?

    Answer: 16 standardized sections covering hazard identification, composition, and handling

    OSHA's HazCom Standard requires SDSs to follow a 16-section format covering everything from hazard identification to regulatory information.

  2. A company subject to EPA regulations discovers an accidental chemical release. Under CERCLA/EPCRA, what is the first required action?

    Answer: Immediately notify the National Response Center if the release exceeds the reportable quantity

    CERCLA and EPCRA require immediate notification to the National Response Center when a hazardous substance release meets or exceeds the reportable quantity.

  3. Which federal agency enforces workplace safety regulations through inspections and citations in the United States?

    Answer: OSHA

    The Occupational Safety and Health Administration (OSHA) is responsible for enforcing workplace safety standards through inspections, citations, and penalties.

  4. What does 'regulatory compliance gap analysis' involve in an operations management context?

    Answer: Comparing current organizational practices against applicable regulatory requirements to identify deficiencies

    A gap analysis systematically compares current practices to regulatory standards to pinpoint areas where the organization does not yet meet requirements.

  5. Which of the following best describes a 'consent decree' in a regulatory compliance context?

    Answer: A court-approved settlement between a regulatory agency and a company that mandates specific corrective actions

    A consent decree is a legally binding, court-approved agreement between a company and a government agency that specifies remedial steps and timelines.

  6. Under the Sarbanes-Oxley Act (SOX), which individuals are personally responsible for certifying the accuracy of financial reports?

    Answer: The CEO and CFO of publicly traded companies

    SOX Section 302 requires the CEO and CFO to personally certify the accuracy and completeness of financial statements filed with the SEC.

  7. An operations manager wants to ensure ongoing compliance monitoring is embedded into daily operations. Which approach is most effective?

    Answer: Integrating key compliance metrics into operational KPIs reviewed regularly

    Embedding compliance metrics into routine operational KPIs creates a continuous monitoring environment rather than relying on periodic point-in-time reviews.