Explain the Risks Associated with the Creation of Unnecessary Roles

question 58

Essay

Explain the risks associated with the creation of unnecessary roles and why it can happen.

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Definitions:

Account Balance

The amount of money present in a financial repository, such as a checking or savings account, at any given time.

Interest Rate

The proportion of a loan that is charged as interest to the borrower, typically expressed as an annual percentage rate.

Bank

A financial institution licensed to receive deposits, offer loans, and provide various financial services to individuals or businesses.

Present Value

The modern equivalent value of a future monetary sum or cash flow sequence, with an established return rate.