The Branching Out of Financial Conglomerates into Several Product Lines

question 61

Multiple Choice

The branching out of financial conglomerates into several product lines that reduces the dependence of the financial conglomerate on any single product line is known as

• A)risk-reduction.
• B)diversification.
• C)economies of scope.
• D)risk-abatement.

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Definitions:

Gold Rush

A period marked by the rapid influx of miners and settlers to areas where gold has been discovered, notably in California in the mid-19th century.

Cultural Consequences

Refer to the impact and changes within societies and communities due to the intermingling and exchange of cultures through migration, colonization, globalization, or cultural assimilation.

Ecological Consequences

The effects of human activities on the environment, including loss of biodiversity, climate change, pollution, and alteration of natural habitats.

Texas Independence

The process by which the Republic of Texas declared and achieved independence from Mexico in 1836, leading to its eventual annexation by the United States in 1845.