Deutsche Bank Closed Down a Business Segment Producing Roughly 20

question 6

Multiple Choice

Deutsche Bank closed down a business segment producing roughly 20% of its business because:

• A)it was an unprofitable business segment for banks in general.
• B)the leader of that business segment was disgraced.
• C)there were damning reports from the German regulator.
• D)there was negligent strategic thinking.
• E)the culture in that business segment was beyond remediation.

---

Definitions:

Owner's Capital

The total value of assets contributed by the owner(s) to a business minus any withdrawals made by the owner(s).

Correcting Entry

An accounting entry made to correct errors found in the financial statements after they have been prepared.

Incorrect Entry

An error or mistake made in recording transactions in the accounting records.

Correcting Entry

A journal entry made to rectify an error in the accounting records, ensuring the accuracy of financial statements.