The general classifications of business risks are

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

A garden store customer tripped over a plant, fell, and sued the store for damages. This is an example of a(n) __________ risk.

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

What category of business risk includes production problems and incompetent employees?

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

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

Which of the following is a pure business risk:

Which of the following is an example of a business risk that cannot be covered by insurance:

The act of reducing or removing risks by shifting the risk factor to another person or business is referred to as __________ risk.

Having well-planned buildings and providing effective employee training are ways that a business can __________ business risks.

Management decides to hold its annual meeting in one U.S. city rather than another because of crime in that city. This is an example of __________ the risk.

Correct A

Carefully selecting goods or services to sell is an example of handling business risks by __________ the risk.

If a risk is small in terms of money, a business may decide to __________ the risk.

Contractual agreements such as guarantees, surety bonds, and leases are examples of business risks being handled through

Businesses can protect themselves from the risk associated with lost shipments by

Careful screening of credit customers is an example of handling business risks through

When a business keeps a risk because management is unaware of it, the business is __________ the risk.

Requiring a contractor to purchase a surety bond is an example of handling business risk by __________ the risk.