Describe the changes that were brought about by the Gramm-Leach-Bliley Act, and, its overall impact on financial services today
What will be an ideal response?
Also known as the Financial Services Reform Act, GLB allows banks, security dealers and insurance companies to combine together to form financial services holding companies. Among other possibilities, now insurers can own or form banks, and banks can own or form insurance companies. Only a handful of financial holding companies today have significant investment and banking operations. This provides some evidence that the synergies between these activities are relatively weak.
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Once a company has diversified into a collection of related or unrelated businesses and concludes that some strategy adjustments are needed, which one of the following is not one of the main strategy options that a company can pursue?
A. divest some businesses and retrench to a narrower diversification base B. craft new initiatives designed to build/enhance the reputation and image of the company C. broaden the diversification base D. restructure the company's business lineup with a combination of divestitures and new acquisitions E. multinational diversification
Material flow mapping involves all of the following except?
a. Understand process flows b. Identify activity sequences c. Warranty claims d. Manage or eliminate non-value-adding activities
In the event a negligent driver is liable for a judgment of $100,000, but has only $25,000 of coverage under applicable insurance he or she owns, the balance of $75,000 must be paid by the
a. the negligent driver. b. the state uninsured drivers fund. c. must be paid by the vehicle's registered owner if a commercial lender.. d. the drivers insurance company.
The forward exchange rate quoted today should be equal to the spot rate in the future
Indicate whether the statement is true or false