BUISENESS MANAGEMENT
RISK MANAGEMENT
|
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
|
A business’s credit policies need to specify all of the following except
|
|
what the terms of the credit will be
|
|
|
the age and race of the customers who will be offered credit
|
|
|
the creditworthiness of the customers who will be offered credit
|
|
|
what products may be purchased on credit
|
Explanation:
Detailed explanation-1: -Business risk usually occurs in one of four ways: strategic risk, compliance risk, operational risk, and reputational risk.
Detailed explanation-2: -Types of Risks Widely, risks can be classified into three types: Business Risk, Non-Business Risk, and Financial Risk. Business Risk: These types of risks are taken by business enterprises themselves in order to maximize shareholder value and profits.
There is 1 question to complete.