2-11 Risk Factors in Business Flashcard Business U

Front

What is the formal proceeding in the court system that helps individuals and businesses eliminate their debts?

Back

Bankruptcy

Front

Which economic system involves privately-owned companies driven by a profit-motive? Options: Socialism, Capitalism, Communism, Feudalism

Back

Capitalism

Front

The risk of a negative outcome in one's career due to action or inaction, for example, loss of income and lack of certain types of experiences.

Back

Career Risk

Front

What is the risk that financial stakeholders will lose money?

Back

Financial Risk

Front

What is the chance that factors within an industry drag down its overall performance?

Back

Industry Risk

Front

What term describes the increase in the general level of prices in an economy?

Back

Inflation

Front

What is a contractual agreement where the insurer collects a premium for future loss reimbursement?

Back

Insurance

Front

What is the money spent to pay for borrowed money, calculated as the interest rate times the outstanding principal?

Back

Interest Expense

Front

Which of the following is an example of market risk?
Earthquake, Inflation, Phishing, Product defect

Back

Inflation

Front

What is a natural disaster?

Back

An event like a tornado or flood