Includes Taking Action to Prevent or Minimise the Likelihood of Occurrence

question 10

Multiple Choice

includes taking action to prevent or minimise the likelihood of occurrence or the impact of such unfavourable events.

• A)Managing risk
• B)Taking chances
• C)Identifying the trigger point
• D)Naming the person responsible for the risk response plan

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Definitions:

Equipment On Credit

The acquisition of machinery or equipment for business operations where payment is made through financing or on a deferred payment plan instead of upfront cash.

Debt-To-Equity Ratio

A measure used to evaluate a company's financial leverage, calculated by dividing its total liabilities by stockholders' equity.

Long-Term Debt

Financial obligations of a company that are due more than one year in the future, often in the form of loans or bonds.

Short-Term Debt

Financial obligations that are due for repayment within one year.