Regulatory Compliance & Risk Management Flashcards
6 cards from real UMC practice questions. Tap to flip, then mark Knew It or Still Learning — missed cards come back until you master them.
Read the first 6 Regulatory Compliance & Risk Management flashcards as text
What is the purpose of the Safe Drinking Water Act (SDWA)?
Answer: To ensure safe public drinking water
The SDWA ensures the quality of Americans' drinking water and protects it from both natural and man-made contaminants.
Which federal agency enforces environmental regulations that affect utilities?
Answer: EPA
The Environmental Protection Agency (EPA) plays a primary role in developing and enforcing environmental regulations impacting utility operations.
What is a key component of a utility risk management program?
Answer: Risk identification and assessment
Risk identification is essential in proactively addressing safety, financial, and operational threats within utility services.
How often must utilities typically update emergency response plans?
Answer: Annually or after major events
Utilities are often required to review and update emergency response plans annually or after major incidents to ensure preparedness.
What is the role of regulatory compliance audits in utility operations?
Answer: To verify adherence to regulations
Audits verify that utility operations meet applicable laws and standards, identifying areas for improvement and ensuring legal compliance.
Which tool helps prioritize risks in utility systems?
Answer: Risk matrix
A risk matrix assesses the likelihood and impact of potential events, helping utilities allocate resources to the most critical risks.