The transfer of insurable risk to the capital markets through the creation of a financial instrument is called
A) coefficient of risk.
B) securitization of risk.
C) financial risk management.
D) enterprise risk management.
Answer: B
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The use of prenumbered sales invoices is the primary control procedure to satisfy the objective of authorization
a. True b. False Indicate whether the statement is true or false
CTQ stands for ______.
A. crucial to quality B. critical to quality C. consumer targeted quality D. consumer tried quality
A fixed asset with a cost of $41,000 and accumulated depreciation of $36,000 is traded for a similar asset priced at $50,000. Assuming a trade-in allowance of $4,000, the cost basis of the new asset is
A) $54,000 B) $45,000 C) $51,000 D) $50,000
Guido and Hal want to rescind their contract under which Guido sold Hal a mountain bike for $100. To rescind the contract A) Guido must return the $100 and Hal must return the bike
B) Guido must return the $100 only. C) Hal must return the bike only. D) the parties can keep the "benefits" of their bargain.