Day: November 16, 2024

Accounting Multiple Choice Question – 16 November 2024

The home of multiple choice questions for all your KS3, KS4 and KS5 Business Studies, Economics and Accounting requirements.

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In terms of financial risk, credit risk is?

Select ONE answer:

  1. Economic loss suffered due to the default of a customer
  2. Risk of choosing the wrong strategy
  3. Risk that customers do not buy the company’s products in the expected quantities
  4. Exposure to potential loss that would result from changes in market prices or rates

Show your workings to arrive at your answer, and explain and justify your reasons:

……………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………

This multiple-choice question is suitable for Accounting KS5 classes.

The answer is 1

  1. Correct == > (2) is strategy risk, (3) is product risk and (4) is market risk
  2. Not correct
  3. Not correct
  4. Not correct

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