Following Statements Define Risk EXCEPT

question 332

Multiple Choice

Following statements define risk EXCEPT:

• A) Organization has knowledge of facts constituting a dangerous condition
• B) Organization voluntarily exposes itself to the danger
• C) The element of assurance in an undertaking
• D) Measured in terms of impact and likelihood

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Definitions:

Dealer

A person or business that buys and sells products or services, often acting as a middleman between the manufacturer and the consumer.

Imprecise Term

A term that lacks specificity and clarity, often leading to ambiguous interpretation.

Logistical Functions

Activities involved in obtaining, producing, and distributing materials and products in the proper place and in proper quantities.

Marketing Channel

Routes or pathways through which goods and services flow from producers to consumers, often involving intermediaries such as wholesalers and retailers.