Which of the Following Is Least Likely to Be Responsible

question 39

Multiple Choice

Which of the following is least likely to be responsible for a regional manager's conflict of interest in promoting a capital budgeting proposal?

• A)desire for professional advancement
• B)thorough knowledge of the region
• C)overly optimistic economic forecasts
• D)the need for quick profitability

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Definitions:

Reserve Deficiency

A situation in which a bank does not have enough reserves to meet the central bank's requirements.

Federal Reserve Districts

Geographic regions in the United States, each with a specifically designated Federal Reserve Bank, responsible for implementing the nation's monetary policy.

Fed Chairman

The leading figure of the Federal Reserve, the central banking system of the United States, responsible for monetary policy direction.

Federal Funds Market

A market where banks lend and borrow reserves from each other overnight in order to meet reserve requirements set by the central bank.