Possible breakdowns in quality control, inefficiencies in producing and delivering financial services, weather damage, aging or faulty computer systems, and errors in judgment by bank management illustrate what form of risk faced by banks?
A. Credit risk
B. Liquidity risk
C. Interest-rate risk
D. Operational risk
E. None of the options is correct.
D. Operational risk
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Which of the following is not specified in the approved configuration plan?
a. chosen software configuration and expected performance specifications b. results of testing alternative software design and hardware resources c. assessment of financing and outsourcing activities d. appropriate acquisition ancillaries
People vary in their views of society and their consumption patterns often reflect their social attitudes. ________ are a major market for movies, music, surfing, and camping
A) Makers B) Preservers C) Escapers D) Changers E) Developers
Which of the following is true of the degree of financial leverage of a firm?
A. The degree of financial leverage affects the earnings before interest and taxes of the firm. B. The degree of financial leverage is defined as the percentage change in net operating income with a given percentage change in sales. C. A lower degree of financial leverage suggests that higher risk is associated with the firm's normal operating activities. D. The degree of financial leverage affects the operating section of the income statement. E. A higher degree of financial leverage suggests that higher risk is associated with the firm's mix of debt and equity financing.
Incubator cultures that focus on equality in organizations give considerable latitude and flexibility to their members.
a. true b. false