COM COM Compliance and Risk Management

Question 1

Which of the following is a primary responsibility of an office manager related to workplace compliance?

Accepted Answer

Ensuring office policies align with current federal, state, and local regulations

Answer

Filing all tax returns for the company

Answer

Conducting external audits of financial records

Answer

Approving major capital expenditures

Question 2

What is the purpose of a workplace risk assessment?

Accepted Answer

To identify potential hazards and implement controls to reduce the likelihood of harm

Answer

To evaluate employee performance

Answer

To calculate insurance premiums

Answer

To determine budget allocations for safety equipment

Question 3

Under OSHA regulations, employers are required to maintain a safe workplace by doing which of the following?

Accepted Answer

Identifying and correcting workplace hazards and providing safety training

Answer

Providing unlimited paid sick leave

Answer

Guaranteeing zero workplace accidents

Answer

Eliminating all manual labor tasks

Question 4

What does the term 'compliance calendar' refer to in office management?

Accepted Answer

A timeline tracking deadlines for regulatory filings, renewals, and required audits

Answer

A schedule of employee performance reviews

Answer

A monthly meeting schedule for the compliance team

Answer

A log of past compliance violations

Question 5

An employee reports a potential HIPAA violation in the office. What is the office manager's first action?

Accepted Answer

Document the report, notify the privacy officer, and begin an internal review

Answer

Dismiss the report unless the employee has documentation

Answer

Send an all-staff email about the allegation

Answer

Immediately terminate the accused employee

Question 6

Which record retention practice is most consistent with standard compliance requirements for US businesses?

Accepted Answer

Follow IRS and applicable federal/state guidelines for minimum retention periods by document type

Answer

Shred all documents after 6 months

Answer

Retain all documents indefinitely regardless of type

Answer

Store only electronic copies and delete originals immediately