Operational Risk Sources Can Lead to the Following Costs for the FI

question 56

Multiple Choice

Operational risk sources can lead to the following costs for the FI:

• A)direct costs, indirect costs and opportunity costs
• B)direct costs and indirect costs only
• C)direct costs and opportunity costs only
• D)indirect costs and opportunity costs only

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Definitions:

Apprentices

Individuals, often young, who learn a trade or craft from a skilled employer, agreeing to work for a specified period in return for instruction.

Stock Exchange

A marketplace where securities, such as stocks and bonds, are bought and sold.

Industrialization

The development of industries in a country or region on a wide scale, transforming economies from agrarian to industrial.

Westward Expansion

The 19th-century movement of settlers into the American West, encouraged by ideas like Manifest Destiny, leading to the growth of new territories and states.