Which of the Following Is True Concerning Branch Offices

question 56

Multiple Choice

Which of the following is true concerning branch offices?

• A)The number of full-service branch offices in the U.S.has shrunk in recent years.
• B)An ideal location for a new branch bank is one with below average population density.
• C)Branch offices are generally cheaper to establish than chartering a whole new banking corporation.
• D)The decision about whether to establish a new branch is the sole prerogative of the CFO.
• E)All of the options are correct

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Definitions:

Supply Curve

The supply curve is a graphical representation showing the relationship between the price of a good or service and the quantity of that good or service that a supplier is willing and able to supply.

Nonprice Determinants

Factors that affect demand or supply but are not related to the price of the good or service, such as consumer preferences or production technology.

Technology

The use of scientific understanding to achieve practical goals, particularly within industrial sectors.

Supply Schedule

A chart that illustrates the correlation between a product's price and the amount available for sale.