As a Result of the Global Financial Crisis Several of the Large,free-Standing

question 63

Multiple Choice

As a result of the global financial crisis several of the large,free-standing investment banking firms chose to become bank holding companies. This means that they will now be regulated by

• A)the Federal Reserve.
• B)the FDIC.
• C)the state banking authorities.
• D)the Treasury.

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Definitions:

Total Fixed Costs

The combined sum of all costs that do not change with the level of production or sales over a short period.

Master Budget

The total of all individual budgets within an organization, projecting all major financial activities over a period.

Flexible Budget

An adaptable budget configured to change with differing levels of activity or volume.

Return on Investment

A performance measure used to evaluate the efficiency or profitability of an investment or compare the efficiency of several different investments.