Which of the Following Statements About Chance of Loss and Risk

question 39

Multiple Choice

Which of the following statements about chance of loss and risk is (are) true?
I.If the chance of loss is identical for two groups,the objective risk must be the same.
II.Two individuals may perceive differently the risk inherent in a given activity.

• A)I only
• B)II only
• C)both I and II
• D)neither I nor II

---

Definitions:

Sale of Receivables

Sale of Receivables involves a company selling its outstanding invoices to a third party to receive immediate payment, typically at a discount.

Financial Difficulty

A situation where an individual or organization struggles to meet financial obligations.

Operating Needs

The essential requirements necessary for a business to maintain and grow its operations, including working capital, equipment, and inventory.

Sales Revenue

Money a company makes from its merchandise sales or services rendered.