Which of the Following Is an Example of a Bank

question 45

Multiple Choice

Which of the following is an example of a bank realizing economies of scope?

• A)The bank develops a standard mortgage loan application to make the process of loaning out mortgages easier.
• B)The bank reduces costs of credit checking for the loan process by outsourcing the process to a specialist.
• C)By using the information collected from a corporation,the bank can decide how easy it would be to sell bonds issued by the corporation to the public.
• D)A bank in a rural area specializes in providing agricultural loans.

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Definitions:

General Concern

A broad interest or worry that affects or involves many people.

Status Quo

The existing state of affairs, particularly in terms of social or political issues.

Refreezing

Refreezing refers to the final stage of Lewin's change model where new behaviors or changes are solidified into everyday practices.

Lewin's Change Model

A framework for understanding organizational change involving three steps: unfreezing, change, and refreezing.