With an Ever-Burgeoning Population, Futurists Predict the Need for More

question 10

Multiple Choice

With an ever-burgeoning population, futurists predict the need for more efficient ways to produce food to feed the earth's population, and many companies are involved in genetic research. One of the companies at the forefront of research on disease and insect-resistant seeds is Monsanto's biotech division, which has already produced soybean and corn seeds that are immune to several diseases that reduce crop yields. In terms of the BCG Portfolio Model, Monsanto's biotech division is a

• A) dog.
• B) cash cow.
• C) question mark.
• D) star.

---

Definitions:

Check Clearing

is the process by which banks settle transactions involving checks, ensuring that the amount specified is transferred from the bank on which the check is drawn to the bank of the depositor.

Lender of Last Resort

A function usually performed by a central bank to provide funds to financial institutions facing liquidity problems to prevent their failure and systemic risks to the economy.

Excess Reserves

The amount of reserves held by banks over and above the legally mandated requirement.

Destroyed Money

Money that has been taken out of circulation, either physically by damage or dematerialization, or digitally by central authorities to control the money supply.