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:

Public-sector Managers

Individuals responsible for directing, controlling, and overseeing entities in the government segment that provide public services.

Economically Efficient

A state in which resources are allocated in a way that maximizes the production of goods and services at the lowest cost, achieving optimal distribution of resources.

Pork-barrel Projects

Government projects or appropriations yielding benefits to a narrow constituency in return for political support, often criticized as wasteful public spending.

Federal Government

The central government of a federation, possessing authority over national issues, and comprising of executive, legislative, and judicial branches.