Second Bank Now Offers Web Banking Services

question 20

Multiple Choice

Second Bank now offers web banking services. Last week a computer glitch posted all web deposit transfers to the wrong accounts. This is an example of

• A)credit risk.
• B)liquidity risk.
• C)stupidity risk.
• D)technological risk.
• E)operational risk.

Recognize the implications of political factors on international market entry.

Identify how technological advancements create new market opportunities.

Understand the impact of extensive customization on the benefits of global trade.

Grasp the concept and significance of economic communities in global trade.

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Definitions:

Lecompton Constitution

A proposed Kansas State Constitution, drafted in 1857, which would have allowed slavery in the state. It was contested and eventually rejected due to widespread opposition to its pro-slavery stance.

Republican Party

One of the two major contemporary political parties in the United States, commonly associated with conservative ideologies, favoring smaller government, lower taxes, and a strong national defense.

Economic Development

The process of improving economic well-being and quality of life through growth and advancement, often measured by GDP growth, employment rates, and infrastructure improvements.

Slavery

A system in which individuals are owned by others as property, deprived of personal freedom, and compelled to perform labor or services.