Journal Entry Expense account increases

Which of the following challenges the contingency approach which suggests that organizations change through internal transformation and adaptation?

A. Behavioral approach theory B. Situational approach theory C. Organizational ecology theory D. Trait approach theory

Cumulative default probability refers to

A. probability that a borrower will default over a specified multiyear period. B. expected maximum change in the loan rate due to a change in the risk factor on the loan. C. historic default rate experience of a bond or loan. D. expected maximum change in the loan rate due to a change in the credit premium. E. probability that a borrower will default in any given year.