Questions

Culture is the social behavior and norms found in human societies. The 7 main elements that make up culture are ::

1. Social organization
- the family patterns and social classes of a culture.

2. Customs and traditions
- way people act, wear, what they eat, and their laws.

3. Language
- communication by word of mouth.

4. Religion
- a system of beliefs that answers questions about the meaning of life.

5. Art and literature
- ways the people entertain themselves. There stories they tell and how they dance. Its also the music they listen to and there artwork.

6. Forms of government
- the people or group(s) that control the people and provide/ enforce the laws.

7. Economic systems
- the method used by a society to produce and distribute goods and services.

Light year is the unit of to express astronomical distances, that light can travel in one year. Light moves at a velocity of about 300,000 kilometers (km) each second. So in one year, it can travel about 10 trillion km. More precisely, one light-year is equal to 9,500,000,000,000 kilometers.

Approximately, 1 light year = 10^16 mts.

RAROC is a risk-adjusted framework for profitability measurement and profitability management. It is a tool for measuring risk-adjusted financial performance. And it provides a uniform view of profitability across businesses (Strategic Business Units / divisions). RAROC and related concepts such as RORAC and RARORAC are mainly used within (business lines of) banks and insurance companies. RAROC is defined as the ratio of risk-adjusted return to economic capital.