Question 1

Pure risk is

Accepted Answer

A)  a chance all entrepreneurs take. 
B)  a condition in which there is a possibility that an adverse deviation from a desired outcome will occur. 
C)  a probability that adverse conditions will result. 
D)  the uncertainty associated with a situation where only loss or no loss can occur. 
A)  a chance all entrepreneurs take. 
B)  a condition in which there is a possibility that an adverse deviation from a desired outcome will occur. 
C)  a probability that adverse conditions will result. 
D)  the uncertainty associated with a situation where only loss or no loss can occur.

Question 2

The striking dock workers on the west coast refused to unload the ships carrying merchandise for retail stores. These stores suffered loss of revenue during the Christmas season, their highest earnings period of the year. This revenue reduction is ________________ that ___________ covered by insurance.

Accepted Answer

A)  a direct loss, can be 
B)  indirect loss, can be 
C)  direct loss, cannot be 
D)  indirect loss, cannot be 
A)  a direct loss, can be 
B)  indirect loss, can be 
C)  direct loss, cannot be 
D)  indirect loss, cannot be

Pure risk is

The striking dock workers on the west coast refused to unload the ships carrying merchandise for retail stores. These stores suffered loss of revenue during the Christmas season, their highest earnings period of the year. This revenue reduction is ______ that _ covered by insurance.

The Entrepreneurial Life

Integrity and Ethics: Foundations for Success in Small Business

Starting a Small Business

Franchises and Buyouts

The Family Business

The Business Plan: Visualizing the Dream

The Marketing Plan

The Organizational Plan: Teams, Legal Structures, Alliances, and Directors

The Location Plan

Understanding a Firms Financial Statements

Forecasting Financial Requirements

A Firms Sources of Financing

Planning for the Harvest

Building Customer Relationships

Product Development and Supply Chain Management

Pricing and Credit Decisions

Promotional Planning

Global Opportunities for Small Business

Professional Management and the Small Business

Managing Human Resources

Managing Operations

Managing the Firms Assets

Managing Risk in the Small Business

Filters

Exam 23: A: Managing Risk in the Small Business

Pure risk is

The Entrepreneurial Life

Integrity and Ethics: Foundations for Success in Small Business

Starting a Small Business

Franchises and Buyouts

The Family Business

The Business Plan: Visualizing the Dream

The Marketing Plan

The Organizational Plan: Teams, Legal Structures, Alliances, and Directors

The Location Plan

Understanding a Firms Financial Statements

Forecasting Financial Requirements

A Firms Sources of Financing

Planning for the Harvest

Building Customer Relationships

Product Development and Supply Chain Management

Pricing and Credit Decisions

Promotional Planning

Global Opportunities for Small Business

Professional Management and the Small Business

Managing Human Resources

Managing Operations

Managing the Firms Assets

Managing Risk in the Small Business

Filters