Question

"You are reading a particular section of a bank’s annual report. This section provides the bank’s views about the impact of an upcoming regulation on the banking industry as a whole and the bank in particular. Which section of the annual report are you reading?"

Answer 1

Answer:

The correct answer is: Management Discussion and Analysis.

Explanation:

The Management Discussion and Analysis report, often abbreviated as MD&A, is part of the financial statements of the companies where the performance of the company is measured compared to the previous period and the projections of the organization compared to the competing overall market is analyzed. The MD&A is part of the 10-K form requested by the Securities and Exchange Commission (SEC).