
LAP EC 003
Authored by Natalie Coronas
Business
12th Grade
Used 3+ times

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20 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
People who go into business know that the business may not succeed. This possibility is referred to as business
risk
downsizing
retention
economizing
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The general classifications of business risks are
competitive, strategic, financial, and operational
production, hazard, operational, and strategic
hazard, operational, strategic, and financial
strategic, production, competitive, and hazard
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A hurricane that destroys a business is an example of a(n) __________ risk.
operational
strategic
financial
hazard
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A garden store customer tripped over a plant, fell, and sued the store for damages. This is an example of a(n) __________ risk.
strategic
hazard
operational
financial
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A union strike that stops production at a manufacturing plant is a(n) __________ risk.
financial
strategic
operational
hazard
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What category of business risk includes production problems and incompetent employees?
Operational
Strategic
Hazard
Financial
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
When a rival's product on the market reduces sales of your company's product, your company is experiencing strategic risk caused by
regulatory and political issues
obsolescence
changing customer needs
competition
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