One Provision of the Dodd-Frank Act Was Creation of the Financial

question 55

Multiple Choice

One provision of the Dodd-Frank Act was creation of the Financial Stability Oversight Council.This council is charged with identifying nonbank financial companies that could increase the risk of collapse of the entire financial system.This risk is called

• A)market risk.
• B)systemic risk.
• C)diversifiable risk.
• D)enterprise risk.

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Definitions:

Technology

The application of scientific knowledge for practical purposes, especially in industry, where it affects methods of production, communication, and information management.

Personnel Information

Data related to employees that is collected and used by organizations, including personal details, job performance, and employment history.

Information Security

The practice of protecting information by mitigating information risks and vulnerabilities.

Competitive Advantage

The attributes that allow an organization to outperform its competitors, including cost structure, product offerings, market positioning, and customer service.