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NEW QUESTION: 1
Product verification is usually performed in the closing process. Which of the following best describes its purpose?
A. Product verification provides management with information about how effectively the seller is achieving the contractual objectives
B. Product verification is a method for quantifying qualitative data to minimize the effect of biases during select sellers
C. Product verification includes samples of the suppliers previous products for the purpose of providing a way to evaluate a supplier's capabilities
D. Product verification is used to verify that work was completed correctly and satisfactorily.
Answer: D

NEW QUESTION: 2
According to the Basel framework, shareholders' equity and reserves are considered a part of:
A. All of the above
B. Tier 2 capital
C. Tier 3 capital
D. Tier 1 capital
Answer: D
Explanation:
Explanation
According to the Basel II framework, Tier 1 capital, also called core capital or basic equity, includes equity capital and disclosed reserves.
Tier 2 capital, also called supplementary capital, includes undisclosed reserves, revaluation reserves, general provisions/general loan-loss reserves, hybrid debt capital instruments and subordinated term debt.
Tier 3 capital, or short term subordinated debt, is intended only to cover market risk but only at the discretion of their national authority.

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A. 3D application
B. 4K video
C. Restoration After Deregistration
D. Full copy
Answer: C