A Customer of the Bank for Which You Work as Chief

question 15

Multiple Choice

A customer of the bank for which you work as Chief Systems Analyst is suing your bank.The customer alleges that money apparently withdrawn through an automated teller machine from his account must have been removed through a bank error,since he did not do so and no one knows his identification number nor has access to his card.You are to testify as to the security processes in the bank's computer system and the accuracy of the computerized automated teller machine's records.In this role you are called upon as an

• A)expert witness; you will be giving direct evidence at trial.
• B)expert witness; you will be giving opinion evidence at trial.
• C)expert witness; you will be giving hearsay evidence at trial.
• D)ordinary witness; you will be giving opinion evidence at trial.
• E)ordinary witness; you will be giving direct evidence at trial.

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Definitions:

Substitution Effect

The change in consumption that occurs when a price change for one good causes a consumer to replace that good with a more or less expensive substitute.

Price Change

An alteration in the cost of goods or services in the market.

Income

The amount of money received by an individual or entity, usually in exchange for labor or services, or through returns on investments.

Utility Function

A mathematical representation in economics that quantifies the satisfaction or happiness derived by a consumer from consuming goods and services.