The Differences Between Tier One and Tier Two Software Are

question 122

True/False

The differences between Tier One and Tier Two software are becoming more definitive as the Tier One vendors attempt to attract larger companies.

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Definitions:

Pooling Of Risk

The practice of spreading financial risks among a large number of participants, thereby minimizing the overall impact to any single participant.

Diversification

The strategy of investing in a variety of securities in order to lower the risk involved with putting money into few investments.

Flood Insurance Premiums

The payments made periodically to an insurance company in exchange for coverage against loss or damage caused by flooding.

Positive Correlation

A relationship between two variables where they move in the same direction, meaning as one variable increases, so does the other.