Which of the Following Are Risks Unforeseen Events That Arise

question 37

Multiple Choice

Which of the following are risks unforeseen events that arise outside of the normal operating environment?

• A)Financial risks
• B)Operational risks
• C)Business risks
• D)Natural and man-made risks
• E)Household risks

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Definitions:

National Sales Tax

A tax imposed by the government on sales of goods and services, collected at the point of sale and paid by the final consumer.

Efficiency

The degree to which resources are used optimally to produce goods and services, minimizing waste and maximizing output.

Equality

The state of being equal, especially in status, rights, and opportunities, often pursued as an economic and social policy objective.

Scarce Resources

Resources that are limited in availability and are used to produce goods and services, leading to the necessity of making choices about their allocation.