When Financial Institutions Are Able to Reduce the Costs of Information

question 15

Multiple Choice

When financial institutions are able to reduce the costs of information for each service they offer by applying the same information source to each service,we say that the financial institution is realizing

• A)economies of scope.
• B)economies of scale.
• C)increasing returns.
• D)diminishing marginal returns.

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Definitions:

Title VII

A section of the Civil Rights Act of 1964 prohibiting employment discrimination based on race, color, religion, sex, or national origin.

Civil Rights Act of 1964

is landmark U.S. legislation that outlawed discrimination based on race, color, religion, sex, or national origin, particularly in voter registration and employment.

Sexual Harassment

Unwelcome sexual advances, requests for sexual favors, and other verbal or physical conduct of a sexual nature in the workplace or learning environments.

Affirmative Action Plans

Strategies implemented by employers to promote more inclusive work environments by increasing job opportunities for underrepresented groups.