To Offset Costs Arising from Operational Risks, FI Managers Spend

question 52

Multiple Choice

To offset costs arising from operational risks, FI managers spend considerable efforts on the following:

• A) Loss prevention, loss control, loss financing and loss insulation.
• B) Loss prevention, loss control, loss investment and loss insulation.
• C) Loss provisioning, loss control, loss financing and loss insulation.
• D) Loss prevention, loss control, loss financing and loss creation.

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Definitions:

Risk of Loss

A term referring to the responsibility for damage or destruction of goods, typically discussed in contracts or insurance contexts to determine who bears the financial burden when property is damaged.

Sale-of-Goods Contract

A legal agreement where a seller transfers or agrees to transfer ownership of goods to a buyer for a price.

Unascertained Goods

Items for sale that have not been specifically identified at the time of contract formation.

Server System

A computer system or software that provides services, data, or resources to other computers, known as clients, over a network.