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:

Write Off

The accounting action of declaring that an asset is partially or completely worthless.

Factored Accounts Receivable

The process of selling accounts receivable to a third party at a discount to quickly generate cash and reduce risk of non-payment.

Commission

A fee paid for services, usually a percentage of the total cost, to an agent or employee for facilitating or completing a sale.