Bu111 - Study guides, Class notes & Summaries

What are the 4 financial pillars correct answers -Charted banks -Alternate Banks -Specialized lending/lending -Investment dealers What does the charted bank do correct answers -Publicly traded, profit seeking companies -largest/most important institution -serve individuals, businesses, others -major source of short term loans to businesses -expand money through deposit expansion What are the changes in banking correct answers -Deregulation -Change in consumer demands -Competition...

What is the network effect? correct answers The value increases as the # of users increases What is a vicious technology cycle? correct answers Less people use the product Less attractive to users Less complement suppliers What is a virtuous technology cycle? correct answers Availability of complement goods Lots of people use the product Network affect causes more people to use Incentivizes complementary good providers How can you break the vicious cycle? correct answers Increase ...

What will you have in one year if you deposit $100 into an account today that earns 4% interest compounded annually? correct answers FVsa What will you have in three years if you deposit a $100 gift into an account today that earns 4% interest compounded annually? correct answers FVsa How much money will you have in five years if you deposit $200 into an account that earns 3% compounded annually? correct answers FVsa How much do you have to deposit today to have $100 after one year (ass...

What is the most important piece of a strong estimation? correct answers Being able to justify your assumptions. (defensibility & quality) What are the 4 steps of creating a estimation? correct answers 1. Understand the Question 2. Break problem into components 3. Make defensibly assumptions 4. Sense check results (re-visit step 3 if results seem off) What is a PROXY? correct answers A variable that in itself is not related to the question, but serves a purpose in finding another varia...

what are the elements of political factors correct answers laws, regulations, taxes and trade agreements what is the significance of political correct answers protection of consumers, ethical business, support domestic businesses how does business affect government correct answers -lobbying: hired to represent companies -collaboration/input: CRTC consults w industry members -advertising: corporations influence voters to help their interests how does government affect business correct...

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