Which One of the Following Is the Equity Risk Arising

question 28

Multiple Choice

Which one of the following is the equity risk arising from the daily operations of a firm?

• A)Strategic risk
• B)Financial risk
• C)Liquidity risk
• D)Industry risk
• E)Business risk

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Definitions:

Supplies Expense

The cost incurred from consuming supplies in the operations of a business, recognized as an expense when used rather than when purchased.

Billing

The process of issuing invoices to customers for goods or services provided.

Fees Earned

Revenue generated from providing services.

Accounts Receivable

Accounts receivable is the balance of money due to a firm for goods delivered or services provided but not yet paid for by customers.