A petroleum refinery in the Gulf region is forced to shut down for several months because of hurricane damage. This is an example of
A) market risk.
B) speculation.
C) event risk.
D) business risk.
Answer: C
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Indicate whether the statement is true or false
Which of the following is NOT a benefit of benchmarking?
A) It helps companies determine where they can improve. B) It does not help management highlight company problems. C) It can be used to compare a company's budgets to other leading companies through the use of industry averages.
Which of the following events occurs if an employer contests the amount or validity of a claim?
A) proceedings before an administrative law judge (ALJ) B) an informal hearing before a regional office of the agency C) investigation by a federal claims verification center D) investigation by a claims examiner
. Which of the following would be considered in a feasibility study?
a. financial projections b. the size of the market c. the founding team d. the three year plan