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34StudyStackWS
| Question | Answer |
|---|---|
| Government laws and regulations usually reduce businesses' economic risks. | False |
| The best way to prevent the human risk of employee incompetence is by providing extensive employee safety training. | False |
| The corporate form of ownership offers the most protection from losses. | True |
| Because employee carelessness can pose an enormous human risk to business, it is common for companies to require drug testing in preemployment screenings. | True |
| Proper store lighting and well-organized merchandise displays in retail stores can increase sales and decreasing external theft. | True |
| Adam owns an automobile repair shop. Recently, he purchased a new property insurance policy. What is this policy an example of? | risk avoidance |
| What is the sole propieter usually required to have in order to borrow money? | life insurance |
| What business risk can result from demographic and psychographic changes in the population? | economic risk |
| A customer who writes a check to pay for merchandise but who knows that his or her checking account does not have enough money to cover the check is guilty of check _______. | fraud |
| In business, the possibility of financial loss is known as ______. | risk |
| New employee orientations are an example of risk _______. | prevention control |
| A customer who steals merchandise on display in a retail store is guilty of a crime called ______. | shoplifting |
| A delivery service hired a bonded driver to transport goods If the driver steals merchandise the ________ will pay of for the loss. | bonding company |
| Market research is an excellent way for a company to engage in _________, because such research may cause a business to decide against investing in a particular product. | avoidance |
| insures against losses caused by a failure to complete a job on time or as agreed | surety bond |
| loyalty, faithfulness, honesty | fidelity |
| can lead to financial gain or failure | business risk |
| change in general business conditions that could result in lost sales for a company | economic risk |
| occurs frequently in businesses that depend on fashions and trends | product obsolescence |
| contract whose purpose is to cover certain business risks | insurance policy |
| theft that occurs at the cash register | point-of-sale |
| person who receives money from a will or an insurance policy | beneficiary |
| the possibility of loss resulting from unexpected weather conditions | natural risk |
| stopping or keeping something from happening | prevention |
Created by:
vhaun
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