There Are Five Types of Risks Associated with Purchase Decisions

question 148

Multiple Choice

There are five types of risks associated with purchase decisions.Which of the following best describes a situation where your new car stalls in the middle of a busy intersection?

• A) physiological risk
• B) social risk
• C) financial risk
• D) functional risk
• E) psychological risk

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Definitions:

Balance Sheet

A financial statement that summarizes a company's assets, liabilities, and shareholders' equity at a specific point in time, showing the net worth and financial health of the business.

Cash Register

A machine or device at a point of sale used to calculate and register transactions and to store money.

Cash Over and Short

An account used to report the discrepancies between the actual amount of cash received and the expected amount in a cash transaction.

Count of Cash

The process of physically verifying the amount of cash on hand at a particular time.