Explain, Using Two Examples, How Continuing Enhancements in Technology Can

question 32

Essay

Explain, using two examples, how continuing enhancements in technology can result in delivery of products and services both faster and better.

Explain the concept of a risk profile and how it is influenced by market variables.

Detail the process and purpose of financial engineering in managing risk.

Recognize how businesses use financial instruments to hedge against price fluctuations in commodities.

Understand the principles of interest rate swaps and their benefits to parties.

---

Definitions:

Soviet Union

A former federal socialist state in Eastern Europe and Northern Asia, existing from 1922 to 1991, known for its communist form of government.

Business Firms

Organizations involved in commercial, industrial, or professional activities, typically designed to provide goods or services to consumers.

Foreigners

This term refers to individuals or entities that are from a country different from the one in question, often used in the context of economics to discuss foreign investors or workers.

Standard of Living

A measure of wealth, comfort, material goods, and necessities available to people in a certain socioeconomic class or geographic area.