An operating plan:
A) translates business ideas into concrete relatively short-term projections.
B) backs up financial projections with a great deal of detail.
C) concentrates on broad strategic issues despite its shorter term focus.
D) a and b
D
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Economies of scale refer to an FI's ability to
A. lower its average costs of operations by expanding its output of financial services. B. generate cost synergies by producing more than one output with the same inputs. C. understand each risk and its interaction with other risks. D. finance its assets completely with borrowed funds. E. moderate the long-tailed downside risk of the return distribution.
Cremics, a multinational drug manufacturing company, used a saffron trident in a promotional campaign for one of their drugs in India. The saffron trident, a religious symbol in India was meant to indicate the three levels of efficacy of the drug, but mistakenly conveyed a religious message to Indians. This miscommunication indicates a problem associated with which of the following steps of an international communications process?
A. Encoding B. Decoding C. Media channel selection D. Message transmission E. Information source selection