John and His Team Are Working to Develop a New

question 45

Multiple Choice

John and his team are working to develop a new product.The company has given them a fixed budget and a rough estimate of the time left until the product must hit the market.The team's key concern is that the product they have developed would be too costly and time-consuming to produce.Which of the following best describes this risk that John and his team are most concerned with?

• A) Strategic risk
• B) Market risk
• C) Internal risk
• D) Credit risk

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Definitions:

Expenditures

The amount of money spent on goods, services, or other expenses.

Campus Violence

Acts of violence that occur on the premises of educational institutions like schools and universities.

Socioeconomic Status

An individual's or family's economic and social position in relation to others, based on income, education, and occupation.

Discrimination

Unjust or prejudicial treatment of different categories of people or things, especially on the grounds of race, age, or sex.