Equipment Risks Are External Risks

question 70

True/False

Equipment risks are external risks.

---

Definitions:

Tariff of Fees

A tariff of fees is a published schedule of charges or rates, especially detailing the costs associated with services provided by professionals, governments, or financial institutions.

Geographic Area

A specific location or region defined by natural or artificial boundaries.

Bid-rigging

A form of fraud in which a commercial contract is promised to one party even though for the sake of appearance several other parties also present a bid.

Collusion

A secret agreement or cooperation between parties for a deceitful or fraudulent purpose, especially to cheat or deceive others.