The Extra Expense Incurred by a Business to Stay in Operation

question 3

Multiple Choice

The extra expense incurred by a business to stay in operation following a fire is an example of a(n)

• A)fundamental risk.
• B)speculative risk.
• C)direct loss.
• D)indirect loss.

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Definitions:

Strategic HR Planning

The process of aligning the organization’s human resource practices and policies with its long-term business goals and strategies.

Organizational Strategies

Organizational Strategies are plans and actions implemented by a company to achieve its long-term goals and objectives, often including growth, efficiency, and competitiveness.

HR Strategies

Comprehensive plans developed by an organization's human resource department to align HR policies and practices with the objectives of the company.

Competitive Intelligence

The gathering and analysis of information about competitors for strategic purposes.