Disintermediation Refers to the

question 15

Multiple Choice

Disintermediation refers to the

• A)failure of financial intermediaries due to moral hazard problems.
• B)failure of financial intermediaries due to adverse selection problems.
• C)movement of savers and borrowers from banks to financial markets.
• D)removal of government regulations of financial intermediaries.

Comprehend the role of virtue and character in ethical leadership.

Distinguish between distributive justice principles in leadership decisions.

Appreciate the importance of building community and inclusivity through ethical leadership.

Understand different ethical theories and how they relate to leadership, including ethical egoism, utilitarianism, and altruism.

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Definitions:

Cash Account

An account recording the transactions involving cash inflows and outflows.

Direct Labor Costs

These refer to the expenses associated with paying workers who directly manufacture or produce the goods and services.

Work in Process Inventory

Represents goods that are partially completed in a manufacturing process but are not yet finished products.

Cash Account

An account that records the amount of cash transactions a company engages in over a period.