Which Risk Type Directly Affects the Employee but Indirectly Impact

question 49

Multiple Choice

Which risk type directly affects the employee but indirectly impact the business?

• A)Liability
• B)Personnnel
• C)Property
• D)Pure

Apply the chi-squared test for goodness-of-fit and for contingency tables, understanding the interpretation of the test statistic and p-value.

Comprehend the rule of 5 for expected cell frequencies in contingency tables.

Understand the concept of degrees of freedom and its calculation for chi-squared tests.

Differentiate between dependent and independent events in probability.

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Definitions:

Highest Bidder

In an auction, the person who offers the highest amount of money or value for the item or property being sold.

Sales Contract

An agreement between a buyer and seller outlining the terms of a sale, including price, delivery, and product specifications.

UCC

The Uniform Commercial Code, a comprehensive set of laws governing all commercial transactions in the United States.

Merchant

An individual or business entity engaged in the sale of goods, particularly those specialized in a specific product or market.