BUSINESS ADMINISTRATION
BUSINESS ECONOMICS
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Carefully selecting goods or services to sell is an example of handling business risks by ____ the risk.
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bypassing
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controlling
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avoiding
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transferring
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Explanation:
Detailed explanation-1: -Answer and Explanation: The correct answer is c. Strategic risk. This is caused by improper decisions taken by a business that affect its goals and growth.
Detailed explanation-2: -Business risk usually occurs in one of four ways: strategic risk, compliance risk, operational risk, and reputational risk.
Detailed explanation-3: -While some coverage is available, these five threats are considered mostly uninsurable: reputational risk, regulatory risk, trade secret risk, political risk and pandemic risk.
There is 1 question to complete.