Legal Events Are an Example of External Risks

question 22

True/False

Legal events are an example of external risks.

---

Definitions:

Studying Economics

The academic examination of how societies use resources to produce goods and provide services, including the analysis of production, consumption, and distribution.

Opportunity Cost

The loss of potential gain from other alternatives when one alternative is chosen, essentially what is forfeited when a particular course of action is selected over others.

Attending College

The act of enrolling in and going to a collegiate institution for higher education, often pursued to gain skills, knowledge, and qualifications for future employment.

Annual College Expenses

The total cost of attending a college or university for one academic year, including tuition, fees, room, board, books, and other related expenses.