Consumers Concerned About How Other Consumers Will View Their Purchases

question 54

Multiple Choice

Consumers concerned about how other consumers will view their purchases are concerned with which type of risk?

• A) financial risk
• B) performance risk
• C) social risk
• D) physical risk
• E) time risk

---

Definitions:

De Facto Corporation

A business that operates as a corporation without formal legal acknowledgment but is treated as such for some purposes.

Corporation's Bylaws

The written rules for conduct of a corporation, detailing the rights and obligations of the directors, officers, and shareholders.

Perpetrate A Fraud

The act of intentionally deceiving someone or a group in order to gain an unfair or illegal advantage, often financial.

Personally Liable

A legal term referring to an individual's responsibility to settle a debt or legal judgment from their personal assets.