Operations Risk Is the Likelihood of a Disruption That Would

question 24

True/False

Operations risk is the likelihood of a disruption that would impact the ability of a company to continuously supply products or services.

---

Definitions:

Uniform Commercial Code

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

Joint Proprietorship

A business ownership structure where two or more individuals share the ownership, responsibilities, and liabilities of the business.

Partnership

A business structure in which two or more individuals manage and operate a business in accordance with the terms and objectives set out in a Partnership Agreement.

Income Tax Return

A document filed with tax authorities detailing income earned, tax deductions taken, and taxes owed for the year.