Concern About the Cost of Managing a Widely Diversified Financial

question 105

Multiple Choice

Concern about the cost of managing a widely diversified financial company has been used to justify product segmentation on the grounds of

• A)safety and soundness issues.
• B)economy of scale and scope issues.
• C)conflict of interest issues.
• D)deposit insurance issues.
• E)regulatory oversight issues.

---

Definitions:

Specific Skills

Particular abilities or expertise that are necessary or beneficial for performing certain tasks or jobs.

Acceptance Speeches

Public addresses given by individuals upon receiving an award or honor, typically expressing gratitude and recognition of others' support.

Extemporaneous

Speaking or performing with little or no preparation, often in a spontaneous and fluid manner.

Appeal To Misplaced Authority

An argumentative fallacy where someone attempts to support a claim by citing an authority or witness who is not an expert on the issue at hand.