Risk refers to the chance that no unfavorable event will occur.
Answer the following statement true (T) or false (F)
False
Risk refers to the chance that an outcome other than the expected one will occur. A listing of all possible outcomes or events, with a probability (chance of occurrence) assigned to each outcome is known as probability distribution. See 8-1: Defining and Measuring Risk
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Which of the following should be classified as an extraordinary item on the income statement?
A) Gain on a sale of a long term investment. B) Loss due to discontinued operations. C) Restructuring charges. D) Loss resulting from an infrequent natural disaster.
A group of employees that a union is seeking to represent is known as a(n) ________
A) conciliation unit B) mediation unit C) negotiation unit D) bargaining unit
According to GLOBE researchers, which of the following statements is false?
A. the Anglo cluster is high in performance orientation and low in in-group collectivism B. the Eastern Europe cluster tends to be forceful and supportive of its coworkers C. the Latin Europe cluster places value on institutional collectivism and societal goals D. the Sub-Saharan Africa cluster tends to place higher concern for family and friends than for themselves
Which of the following would most likely be enforceable?
a. An agreement supported by past consideration. b. A substitute agreement to settle an undisputed debt. c. A debt agreed to seven years ago in a state where the statute of limitations is six years. d. A promise following the rendering of emergency services that is not supported by new consideration.