Why is it so important to have a decision making process in place?
What will be an ideal response?
In most projects it is inevitable that there will be disagreements. These may center on how the system will be used, what modifications should be made, the reports needed and how the data will be converted. How and why the eventual decisions are made on these issues must be understood by the teams. Otherwise, they will lose faith in the process and morale will decline and it will be difficult to get their buy-in for key changes.
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Which of the following opinions is a proponent of corporate social responsibility most likely to hold?
a. The primary responsibility of social welfare rests with governments and not business firms. b. The free market, not companies, should decide what is best for the world. c. Businesses have resources, so businesses should be given the chance to solve social problems. d. Businesses never perpetrate social problems.
Which of the following situations pose a refinancing risk for an FI?
A. An FI issues $10 million of liabilities of one-year maturity to finance the purchase of $10 million of assets with a two-year maturity. B. An FI issues $10 million of liabilities of two-year maturity to finance the purchase of $10 million of assets with a two-year maturity. C. An FI issues $10 million of liabilities of three-year maturity to finance the purchase of $10 million of assets with a two-year maturity. D. An FI matches the maturity of its assets and liabilities. E. All of the above