Part 7 - Test 1123

Question 1

Tort (law)

Answer 1

Civil wrong, voluntary action causing harm to plaintiff

Question 2

Individual retirement account (IRA)

Answer 2

Account prepared for having money during retirement

Question 3

Traditional IRA

Answer 3

All tax deductible

Question 4

Roth IRA

Answer 4

Contributions not deductible, withdrawals deductible

Question 5

Governance, risk, compliance (GRC)

Answer 5

Software that: identifies risks, monitors risk-management system, check adherence to company-wide policies, ensures compliance with reporting requirements (from gov agencies)

Question 6

Union demands

Answer 6

Such as labor union, works on activities (protests, strikes) to rep their voice

Question 7

Business letter

Answer 7

Formal and addresses issues/requirements on a topic

Question 8

Transmittal BR

Answer 8

What is contained in the package, what should the recipient do; always accompany important business papers

Question 9

Acknowledgement BR

Answer 9

Acknowledges the recipient, confirmation letter

Question 10

Claim BR

Answer 10

Requests for solution (+ compensations)

Question 11

Request BR

Answer 11

Asks for info

Question 12

Organizational structure

Answer 12

Functional, divisional, matrix

Question 13

Functional

Answer 13

Divided by function

Question 14

Divisional

Answer 14

Divided by product line, geographical info, customer type etc.

Question 15

Matrix

Answer 15

Combination of above: traditional departments + broken down into divisions (e.g. by product line)

Question 16

Subsidiary

Answer 16

Has a parent company

Question 17

No load fund (mutual fund)

Answer 17

Not charge for front & back ends + level sales; Whatever you invest, whatever is in the market

Question 18

Hedge

Answer 18

= hinder, limit