Which of the Following Best Explains a 'Performance Risk

question 40

Multiple Choice

Which of the following best explains a 'performance risk'? 

• A) The potential for machinery to breakdown. 
• B) The extent to which the supplier has a history of success. 
• C) The chance that the supplier is not capable of doing the job it was hired for. 
• D) The extent to which the provider is trustworthy.

Comprehend the concept and importance of strategic management in business.

Know the role of the International Accounting Standards Board (IASB) and the Securities and Exchange Commission (SEC) in establishing accounting standards and principles.

Grasp the principles of objectivity, cost principle, and the going-concern assumption in accounting.

Understand the concepts of planning activities and their financing in businesses.

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Definitions:

Survey Method

A research technique used to gather data through questionnaires or interviews from a sample of individuals.

Case Study

A research method that involves an in-depth analysis of a single individual, group, event, or situation to explore causation in order to find underlying principles.

Single-blind Study

A study design where the participants do not know which group (experimental or control) they are in to prevent bias, but the researchers do.

Descriptive Research

A research method aimed at describing characteristics of a population or phenomenon being studied without influencing those characteristics.