Risk Management Now Includes the Evaluation of

question 83

Multiple Choice

Risk management now includes the evaluation of

• A) worldwide risks such as global warming.
• B) worldwide issues such as poverty.
• C) European issues such as the value of the euro.
• D) political risks in South America.

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Definitions:

Note Payable

An obligation in the form of a written promissory note requiring the borrower to repay the lender a specific sum of money on demand or at a predetermined date.

Interest Payable

This is the amount of interest expense that has accumulated but not yet been paid by a company.

Treasurer's Department

The treasurer's department is responsible for managing a company's financial assets, including cash flow, investments, and corporate financing.

Approving The Payroll

The process of verifying the accuracy of employees' pay before distribution.