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skelet666 [1.2K]
3 years ago
15

When Wells Fargo employees fraudulently opened customer accounts in order to meet extremely high sales quotas, rehabilitating th

is bank's shattered reputation was expected to be time-consuming and costly because _________a. its employees' actions could result in increased corporate taxes on the bank's profits. b. its employees' actions could lead to unnerved creditors and increased risk of default on loans due to potential business fallout c. its employees' actions could result in higher stock prices and higher returns on invested capital. d. its employees' actions could result in the increased costs of servicing the bank's customers. e. its employees' actions could result in poaching talented employees from rival banks.
Business
1 answer:
Svetradugi [14.3K]3 years ago
3 0

Answer:

The correct answer is letter "B":  its employees' actions could lead to unnerved creditors and increased risk of default on loans due to potential business fallout.

Explanation:

The Wells Fargo scandal refers to the fraudulent activity found on the American bank during 2011 and 2016 as a result of opening fake accounts. It is estimated that the bank revenues were around $575 million from those types of accounts. According to the Consumer Financial Protection Bureau (CFPB), Wells Fargo charged $2 million only in charges for 85,000 deposit accounts that were open without authorization.

Under such a scenario, <em>investors and account holders were uncertain on what to do with their positions in the bank since it could easily face a fallout. This scenario represents a risk for the financial institution because customers were likely to lose interest in the bank's products like loans. </em>

<em>An online survey conducted in 2018, reflected that Wells Fargo could lose $93 million in deposits over 2019.</em>

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Quarter Real GDP (billions of dollars) Long-Run Trend of Real GDP (billions of dollars) 1 4,000 4,000 2 4,160 4,120 3 4,326 4,24
bekas [8.4K]

Answer:

6%

Explanation:

As per given data

Quarter     Real GDP ($billions)     Long-Run Trend of Real GDP ($billions)

   1                      4,000                                   4,000

   2                     4,160                                    4,120

   3                     4,326                                    4,244

   4                     4,413                                    4,371

   5                     4,501                                    4,502

   6                     4,591                                    4,637

   7                     4,499                                    4,776

   8                     4,409                                    4,919

   9                     4,673                                    5,067

   10                    4,954                                    5,219

   11                     5,252                                    5,376

   12                    5,376                                    5,537

Growth of GDP = (DGP of Current/recent period - GDP of Prior period) / DGP of Prior period

In this question prior period is quarter 10 and current /recent period is quarter 11.

So, formula will be

Growth of GDP = (DGP of quarter 11 - GDP of quarter 10) / GDP of quarter 10

As we need to calculate the real GDP growth the formula will be as follow

Growth of real GDP = (Real DGP of quarter 11 - Real GDP of quarter 10) / Real GDP of quarter 10

Growth of real GDP = ($5,252 billion - $4,954 billion) / $4,954 billion

Growth of real GDP = $298 billion / $4,954 billion

Growth of real GDP = 6.02% = 6%

3 0
3 years ago
In many cases, companies that enter a market after innovative products have been introduced can achieve long-term competitive ad
yuradex [85]

Answer:

First-mover

Second-mover

Explanation:

A first mover is a provider of product, that achieves a market advantage by being the first type of product to be marketed. Generally, being gets the first firm in the market to get the advantage of the strong market and customer satisfaction.

The "second mover's advantage" is the value of joining others into a business or imitating an old product that a new innovative company gets.

In this case VisiCalc is a First-mover and Microsoft is a Second-mover.

3 0
3 years ago
How is your hat a representation of your leadership skills? (Take your time)
levacccp [35]

Answer:Not the kind that people might laugh at or that might smoosh your hair, ... Change Agent. ... The best leaders put on their delegator hat willingly and strategically to ... With the right environment, resources, skills and knowledge,

Explanation:

8 0
2 years ago
Agnes and Buford went camping to celebrate their 50th wedding anniversary. While eating under the moonlit sky, Agnes and Buford
Alex17521 [72]

Answer:

The letter D. Assumption of the risk.

Explanation:

I believe the Best-of-the-Rest company is reliable for the quality of the products it produces and resells. Trading food is very dangerous because it needs a very close surveillance by the owner and supervision. A part of a mouse ear at the bottom of the can may have been overlooked in the packaging. Alternatively, it may have been posed by someone with bad intentions to undermine the company's credibility. Everything is possible.

5 0
3 years ago
If a government chooses a system of marketable permits as its environmental managing tool, the reduction in pollution will
Natali5045456 [20]
If a government chooses to do this, the reduction in pollution will TAKE PLACE IN THE FIRMS WHERE ITS LEAST EXPENSIVE TO DO SO. If a government desire to establish a marketable permit program, it must first define the pollutants that will be allowed and their overall amounts that will be permissible. Companies that will mostly participate in the program will be those that do not produce much pollutants.
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3 years ago
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