The Financial Reform Act of 2010 Did All of the Following

question 36

Multiple Choice

The Financial Reform Act of 2010 did all of the following except:

• A) strengthened the standards required to obtain a mortgage.
• B) required more disclosures by financial institutions regarding the quality of the underlying assets when they sell mortgage-backed securities.
• C) required savings institutions to sell off any holdings of junk bonds and prohibited them from investing in junk bonds in the future.
• D) established the Consumer Financial Protection Bureau.

Recognize the increased accuracy of aggregate forecasts over disaggregate ones due to error standard deviation considerations.

Acknowledge the necessity of maintaining estimates of forecast error for accuracy improvement.

Comprehend the significance of including both the expected value and a measure of forecast error in forecasts.

Learn the application of various forecasting methods, including moving averages, causal methods, and time series analysis.

---

Definitions:

Manufacturing Overhead

Costs, other than direct materials and direct labor costs, that are incurred in the manufacturing process.

Direct Labor Hours

The time spent by workers directly involved in the production process of goods or services, often used to allocate labor costs to products.

Overapplied

A situation in cost accounting when the allocated or applied costs exceed the actual costs incurred.

Underapplied

In cost accounting, it refers to a situation where the allocated costs are less than the actual costs incurred.