Which One of the Following Is Most Apt to Be

question 173

Multiple Choice

Which one of the following is most apt to be a nondiversifiable risk?

• A) A fire at a petroleum refinery.
• B) An airline pilot's strike.
• C) A sudden increase in inflation.
• D) A shortage of peaches cane due to a hail storm.
• E) A lawsuit arising from faulty refrigeration units.

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Definitions:

Accounts Payable

Financial obligations or debts owed by a business to its suppliers or creditors for goods and services received.

Cash Payments Journal

An accounting journal used to record all cash payments, including expenses and creditor payments.

Check Register

A record kept to track written checks, deposits, and withdrawals in a checking account, aiding in account reconciliation and financial management.

Stock Purchases Register

A ledger or record keeping log for tracking all purchases of stock inventory over a period.