Chapter Four: Risk and Uncertainty-Multiple choice questions(MCQ)

Chapter Four: Risk and Uncertainty

Multiple choice questions(MCQ)

1. What is the consequence of inability to pay office expenses, insurance etc.?

a. Financial loss    

b. Shortage of capital

c. Risk

d. Mismanagement in business

2. In which of the areas of business organizations risk plays a significant role?

a. In taking decisions   

b. In making plan

c. In management    

d. In collecting capital

3. Risk is measured by-

i.   Applying various techniques

ii. Developing a good plan

iii. Decreasing the cost of doing business which one of the following is correct?

a. i

b. iii

c. i and ii     

d. i and iii

[ Answer Key : 1(c), 2(a) & 3(d)]