Business Risk, Win Lose or Draw

Business Risk, Win Lose or Draw

Assessment

Flashcard

Business

12th Grade

Hard

Created by

Wayground Content

FREE Resource

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29 questions

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1.

FLASHCARD QUESTION

Front

People who go into business know that the business may not succeed. This possibility is referred to as business

Back

risk

2.

FLASHCARD QUESTION

Front

The general classifications of business risks are

Back

hazard, operational, strategic, and financial.

3.

FLASHCARD QUESTION

Front

A hurricane that destroys a business is an example of a(n) __________ risk.

Back

hazard

4.

FLASHCARD QUESTION

Front

A union strike that stops production at a manufacturing plant is a(n) __________ risk.

Back

operational

5.

FLASHCARD QUESTION

Front

When a rival’s product on the market reduces sales of your company’s product, your company is experiencing strategic risk caused by

Back

competition.

6.

FLASHCARD QUESTION

Front

Financial loss from investing time and money to comply with accounting standards is an example of which strategic risk?

Back

Regulatory and political issues

7.

FLASHCARD QUESTION

Front

Which of the following is a pure business risk: Robbery, Obsolescence, Competition, Inflation

Back

Robbery

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