Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

An entity is faced with a risk that has a low A company has recently opened a factory which manufactures agricultural machinery. Many of the

An entity is faced with a risk that has a low A company has recently opened a factory which manufactures agricultural machinery. Many of the components are imported from a foreign country. Which of the following is NOT an example of a business risk? a. The risk of demand for a product or service falling b. The risk of a components increasing in price due to a change in the exchange rate c. The risk of failure due to a poorly developed strategy d. The risk of an increase in energy costsprobability of occuring and a high negative impact if it does occur. Which of the following strategies is likely to be best suited to dealing with this risk? a. Reduce b. Avoid c. Transfer d. Accept

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Quantitative Methods For Business

Authors: Donald Waters

5th Edition

273739476, 978-0273739470

More Books

Students also viewed these General Management questions