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Which of the following is a practical obstacle to the success of using treasury policy and procedure statements? The behavior of managers cannot be regulated

  1. Which of the following is a practical obstacle to the success of using treasury policy and procedure statements?

  1. The behavior of managers cannot be regulated by declaration through policies and procedures
  2. Staff will view the policies and procedures as threatening their ability to succeed
  3. There is no way of enforcing violations of the policies and procedures
  4. Policies and procedures cannot be implemented without a company ethics administrator staff position

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