What is the method of testing how often a VaR with a certain confidence level was exceeded in the past called?
A. Stress testing
B. Back testing
C. EWMA
D. The model-building approach
B
Back testing involves examining how well a particular VaR methodology would have worked in the past. It counts exceptions, which are situations where the VaR level that would have been calculated, was exceeded.
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All of the following would denature a protein except
A. addition of a strong acid. B. a missing coenzyme. C. addition of a strong base. D. heating to temperatures above 100°C.
U.S. GAAP and IFRS provide criteria for distinguishing operating leases from capital leases. Which of the following is not true?
a. The criteria attempt to identify the entity, whether lessor or lessee, that enjoys the benefits and incurs the risk of the leased asset. b. When the lessor enjoys the benefits and bears the risk, the lease is an operating lease. c. When the lessee enjoys the benefits and bears the risk, the lease is an operating lease. d. IFRS provides more general criteria for identifying the entity enjoying the rewards and incurring the risk. e. Firms cannot currently apply the fair value option to capital leases
Because services are intangible, it is often difficult for customers to determine how a service meets their expectations, which marketers call
A. service aspirations. B. service perceptions. C. service feedback. D. service quality. E. service efforts.
Content validation studies:
a. examine whether behaviors and skills tested closely represent behaviors and skills used on the job b. examine test items to ensure that they measure what they purport to measure and do not include irrelevant or biased questions c. demonstrate a statistical association between test performance and job performance d. all of the above e. none of the above