APRA's Supervisory Oversight and Response System (SOARS) Is Designed to Assess

question 23

Multiple Choice

APRA's supervisory oversight and response system (SOARS) is designed to assess the:

• A) likelihood of FI failure.
• B) impact of the FI failure.
• C) impact of FI failure and provide the appropriate supervisory response, which in the case of a low PAIRS probability rating will require restructure.
• D) impact of FI failure and provide the appropriate supervisory response, which in the case of an extreme PAIRS probability rating will require restructure.

Understand the basic principles of operant conditioning and its application.

Differentiate between various types of learning, including classical conditioning, operant conditioning, observational learning, and imitation.

Identify examples of operant conditioning in everyday scenarios.

Recognize the role of models in observational learning.

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Definitions:

Monopolistically Competitive

A market structure where many firms sell similar but not identical products, allowing them some power to influence prices.

Efficient Use of Resources

An economic condition where resources are allocated in the most effective manner possible to meet the needs and desires of consumers.

Long-Run Equilibrium

A state in which all firms in a market or industry are making normal profits and there is no incentive for firms to either enter or exit the market.

Price

The monetized value required, forecasted, or offered in return for a service or good.