Which of the Following Actions Does Not Help Reduce Risk

question 78

Multiple Choice

Which of the following actions does not help reduce risk?

• A) Extending the service warranty for your notebook
• B) Converting your money market account to a mutual fund account
• C) Contracting to sell your farm produce to the neighborhood grocery
• D) Buying Japanese yen now when you plan to study in Japan next year

---

Definitions:

Interest Due

The amount of interest payment that must be paid at a scheduled date for borrowed funds.

Payroll Register

A document that details the payments made to employees, including salaries, wages, deductions, and net pay.

Net Payroll

The total amount of wages paid to employees after the deduction of taxes and other withholdings.

IFRS

International Financial Reporting Standards, which are designed to bring consistency to accounting language, practices, and statements on a global scale.