Cold Turkey, Big Bang, and Abrupt Cut-Over Are Alternative Names

question 14

Multiple Choice

Cold turkey, big bang, and abrupt cut-over are alternative names for _____ conversion.

• A) direct
• B) parallel
• C) phased
• D) pilot
• E) simultaneous

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Definitions:

Beta

A parameter that measures the degree of variability or systematic risk of a security or a portfolio in relation to the market at large.

S&P 500 Futures

Financial contracts speculating on the future value of the S&P 500 Index.

Risk-Free Rate

The estimated yield from an investment that carries no risk, often illustrated by government bond yields.

High Water Mark

The previous value of a portfolio that must be reattained before a hedge fund can charge incentive fees.