Banks that deals with reciprocal agreements and accounts are considered as

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A. correspondent banks
B. non-correspondent banks
C. reciprocal transactions
D. functional banks
✅ The correct answer is option A.
Banks that deals with reciprocal agreements and accounts are considered as correspondent banks. Correspondent banks are financial institutions that act as an agent on behalf of other financial institutions, usually foreign banks.

92. Low absenteeism and turnover is the outcome of which of the following core dimensions described by the Job Characteristics Model

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A. Autonomy
B. Feedback
C. Task Identity
D. Task Significance
✅ The correct answer is option D.
Low absenteeism and turnover is the outcome of Task Significance core dimensions described by the Job Characteristics Model. Job Characteristics Theory states that a job having more variety and thus requiring more skills and talents will result in an employee feeling that they are doing more meaningful work.

1057. A costing system, which focuses on individual activities as particular cost object is classified as

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A. activity based costing
B. improved costing
C. learned improvements
D. positive effectiveness
✅ The correct answer is option A.
A costing system, which focuses on individual activities as particular cost object is classified as activity based costing. Activity-based costing (ABC) is a costing method that assigns overhead and indirect costs to related products and services.

1054. Buying of goods or services from suppliers or vendors of some other country instead of local supplier is classified as

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A. outsourcing
B. insourcing
C. idle sourcing
D. sunk sourcing
✅ The correct answer is option A.
Buying of goods or services from suppliers or vendors of some other country instead of local supplier is classified as outsourcing. Outsourcing is the business practice of hiring a party outside a company to perform services and create goods that traditionally were performed in-house by the company’s own employees and staff. Outsourcing is a practice usually undertaken by companies as a cost-cutting measure.

1051. The person who ensures that systems are developed on time, within budget, and with acceptable quality is a __________________.

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A. System designer
B. Project manager
C. Systems owner
D. External system user
✅ The correct answer is option B.
The person who ensures that systems are developed on time, within budget, and with acceptable quality is a Project manager. A project manager is the person responsible for leading a project from its inception to execution. This includes planning, execution and managing the people, resources and scope of the project.

Municipal bonds public offering is often made through

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A. insurance companies
B. index banking firm
C. commercial banking firm
Answer: Option C
✅ The correct answer is option C.
Municipal bonds public offering is often made through commercial banking firm. Commercial banks make loans to people and small businesses and offer checking and savings accounts and certificates of deposit.

1045. International business has recently grown at such a rapid pace because of

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A. stricter government policies on cross-border movements
B. development of institutions to support and facilitate trade
C. decreasing global competition
D. companies increased concerns with terrorism
✅ The correct answer is option B.
International business has recently grown at such a rapid pace because of development of institutions to support and facilitate trade. International business refers to the trade of goods, services, technology, capital and/or knowledge across national borders and at a global or transnational level. It involves cross-border transactions of goods and services between two or more countries.

1042. Business unit competencies should be distinctive enough to provide a(n):

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A. clear understanding of who you want to lead the company
B. competitive advantage
C. opportunity to compete on a productivity basis
D. additional strategic mission
✅ The correct answer is option B.
Business unit competencies should be distinctive enough to provide a competitive advantage. Business competency is a set of particular abilities and knowledge that sets a company apart from its competitors. In highly successful companies, core competencies have most likely developed in areas where they add the most value to products.

Simplicity with which bondholders and shareholders can change their investments into cash is known

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A. barter
B. hedging
C. arbitrage
D. liquidity
✅ The correct answer is option D.
Simplicity with which bondholders and shareholders can change their investments into cash is known as liquidity. Liquidity describes the degree to which an asset or security can be quickly bought or sold in the market at a price reflecting its intrinsic value. In other words: the ease of converting it to cash.

1038. A stability strategy is particularly appropriate when

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A. the firm is facing rapid growth opportunities
B. the industry is in a state of rapid upheaval
C. an organization is not meeting its goals
D. an organizations performance is declining
✅ The correct answer is option B.
A stability strategy is particularly appropriate when the industry is in a state of rapid upheaval. A stability strategy refers to a strategy by a company where the company stops the expenditure on expansion, in other words it refers to situation where company do not venture into new markets or introduce new products.