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NEW QUESTION: 1
Conditional VaR refers to:
A. expected average losses above a given VaR estimate
B. value at risk when certain conditions are satisfied
C. the value at risk estimate for non-normal distributions
D. expected average losses conditional on the VaR estimates not being exceeded
Answer: A
Explanation:
Explanation
Conditional VaR is the expected average losses above a given percentile, or a given VaR estimate at the given level of confidence. For example, if we know what the 99% VaR is, we still do not know what we can expect our losses to be if this VaR loss estimate were to be exceeded. Conditional VaR provides the answer to this question by providing an estimate of the average or expected losses beyond 99% mark. Therefore Choice 'c' is the correct answer and the other choices are mostly non-sensical.

NEW QUESTION: 2
When project costs continually increase throughout implementation due to large or rapid changes in customer or user requirements, this is commonly known as:
A. Prototype issues
B. Scope creep
C. Cost/benefit adjustments
D. Expectations management
Answer: B

NEW QUESTION: 3
A company is preparing to roll-out a training course on advanced accounting skills. The company has asked a contract instructor to facilitate the course. The instructor has no background in accounting. Which of the following should the instructor do?
A. Accept the offer contingent upon six weeks of preparation time
B. Accept the offer and learn the content by observing accounting experts
C. Decline the offer based on lack of knowledge of accounting principles
D. Ask to team teach the course with an expert
Answer: C

NEW QUESTION: 4
On the 'Enrolment Summary'' worksheet, name the range A3:B7 ''Enrollment'', Check the Solution below.
Answer:
Explanation:
Select the range and type the name