Which of the Following Statements About the Scope of Risk

question 49

Multiple Choice

Which of the following statements about the scope of risk management is (are) true?
I.Traditionally,risk management was limited in scope to speculative loss exposures.
II.In the 1990s,some businesses began to expand the scope of risk management to include financial risks.

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

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Definitions:

Retailers

Businesses that sell goods and services directly to consumers, acting as the final link in the supply chain from producers to end-users.

Supply Chain Intermediaries

Supply chain intermediaries are entities or individuals involved in the process of moving a product or service from the producer to the consumer.

Channel Member

An entity that participates in the distribution channel, like manufacturers, wholesalers, and retailers, helping goods reach their final consumers.

Retailer's Responsibility

The accountability held by retail businesses to ensure the quality, safety, and ethical sourcing of their products, along with providing good customer service.