PAIRS Probability Rating Assessment Is Derived From

question 17

Multiple Choice

PAIRS probability rating assessment is derived from:

• A)inherent risk of an institution in relation to its business operation.
• B)the net risk remaining after consideration of management and control.
• C)the capital support the entity has to act as a buffer against unexpected losses.
• D)all of the above.

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Definitions:

Stratification

The structuring of inequalities within a society, often based on class, race, gender, or other socio-economic indicators, that places individuals and groups into different tiers of advantage or disadvantage.

Social Mobility

The ability for individuals or groups to move within a social hierarchy, which can be upward or downward, and is influenced by factors like education, income, and social connections.

2008 Recession

A severe global economic downturn that began in 2008, triggered by the collapse of the U.S. housing market and resulting in significant financial crisis, unemployment, and loss of wealth worldwide.

Upward Mobility

The ability for an individual or group to improve their social status, often measured by changes in income, occupation, or education.