An FI's Operating Cost and the Efficient Use of Technology

question 45

Multiple Choice

An FI's operating cost and the efficient use of technology:

• A)have no impact on the FI's profits before taxes
• B)can have a significant impact on the FI's profits before taxes
• C)will merely improve the FI's reputation
• D)are not important as FIs have the back-up of the government in times of financial distress

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Definitions:

CAM Plants

Plants that use Crassulacean Acid Metabolism, a photosynthetic adaptation to arid conditions, allowing them to fix carbon dioxide at night.

RuBP Carboxylase

An enzyme also known as Rubisco, involved in the first major step of carbon fixation in the process of photosynthesis.

Chloroplasts

Organelles found in plant and algal cells that conduct photosynthesis, converting light energy into chemical energy stored in glucose.

Protein Content

The amount of protein found within a food or biological material, important for various body functions including muscle repair and enzyme production.