Why does a risk manager typically focus on the upper tail of the probability distribution?
A) The upper tail shows the amount of coverage of the risk a firm faces.
B) The upper tail shows the total risk pool.
C) The upper tail shows the confidence interval of the loss distribution.
D) The upper tail shows the sum of the estimated mean loss plus the risk charge.
D
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Indicate whether the statement is true or false
Which of the following items appears only in a manufacturing company's financial statements?
A. Cost of goods manufactured. B. Cost of goods sold. C. Net income. D. Goods available for sale. E. Gross profit.
What initial questions are relevant in terms of deciding whether to "take the plunge" into international "waters"; in other words, what are the relevant preliminary inquiries to make in deciding whether to expand internationally?
What will be an ideal response?
Which of the following is a remedy available to both buyers and sellers?
A. missing specifications B. avoidance of an installment contract C. specific performance D. reduction in price