When a University Cuts Back on the Number of Courses

question 8

Multiple Choice

When a university cuts back on the number of courses they offer students, what type of renewal strategy is it employing?

• A)retrenchment
• B)acquisition
• C)turnaround
• D)stability
• E)either A or C

---

Definitions:

Credit Default Swap

A financial derivative allowing an investor to "swap" or offset their credit risk with that of another investor.

CDS

CDS stands for Credit Default Swap, a financial derivative allowing an investor to "swap" or offset their credit risk with that of another investor.

Coupon Bond

A type of bond that offers interest payments through coupons to the bondholder until its maturity, when the principal amount is reimbursed.

Accrued Interest

The interest that has accumulated on a bond since the last interest payment up to, but not including, the purchase (or sale) settlement date.