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Question 11.Which of the following management decisions involves risk reduction?
Question 22.Which one of the following is NOT a step involved in risk management?
Question 33.How is risk related to insurance?
Question 44.A tornado swept through a city making it difficult for a small business to earn money for some time. What kind of insurance would help to minimize the loss of income?
Question 55.Which of the following is an example of an environmental change related to an economic factor?
Question 66.Samantha is a CEO of a large marketing company. She is trying to determine what external factors may impact the business in the next few months. She is concerned about the 2018 midterm elections and has decided to invest money into a PAC of a pro-business independent candidate. Another cause for concern is the increasing number of complaints regarding her IT sector. Which of the following may impact her business, and how can she manage these factors?
Question 77.Which one of the following types of insurance is usually required by law?
Question 88.Which of the following is NOT a step in the risk management process?
Question 99.Which of the following statements is the best explanation of how insurance allows a company to manage risk?
Question 1010.Which one of the following is an example of environmental change related to the external political environment?
Question 1111.Companies get Key Person Insurance to cover against _____.
Question 1212.If a company purchases an insurance policy, which type of risk management approach is it using?
Question 1313.Zuk company Ltd. decides to launch a brand new type of bicycle called the Zukbike. The company accepts this risk and is prepared to pay for the losses that may occur. Which type of risk management approach is being used by the company?
Question 1414.What is the difference between general liability insurance and product liability insurance?
Question 1515.How does technological change affect risk management?
Risk Management in Small Business Chapter Exam Instructions
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appear. Click it to see your results. You will lose your work if you close or refresh this page. Good luck!