Quinn's primary responsibility is to look for ways to minimize the firm's exposure to loss in the event of a natural disaster or any uncontrollable event. Quinn is focusing on ________.risk managementAs the owner of a commercial property, Mr. Alexander purchased liability insurance in the event of an individual injuring himself while on the property. This is an example of business man trying to ________.manage riskWith risk management, after a firm evaluates alternatives and selects the approach that will best handle losses, the next step is to ________.implement the risk-management programWhich of the following BEST describes key-person insurance?a special form of business insurance designated to offset expenses entailed by the loss of key employeesMonthly payroll is a(n) ________ expenditure.operatingA promissory note is what type of fund?short-termFollowing the risk of management process, after measuring the frequency and severity of losses and their impact, one should ________.evaluate alternatives and select the best approachThe overall objective of the financial manager is to ________.increase a firm's value and stockholders wealthWhich of the following BEST describes financial control?the process of checking actual performance against plans to ensure that desired financial results occurCapital expenditures are generally ________ expenses.long-termTaxes are what type of expenditure?operatingWhich of the following BEST describes commercial paper?a short-term security, or note, containing a borrower's promise to pay________ is a short-term security, or note, containing, a borrower's promise to pay.Commercial paper________ is a long-term borrowing from sources outside of the company.Debt financingLong-term debts are those that are payable more than ________ year(s) after they are originally issued.oneLaura is analyzing several investment possibilities. She thinks that some options have better chances of good paybacks, but those paybacks are smaller. She is exploring ________.the risk-returning relationshipQuinn's primary responsibility is to look for ways to minimize the firm's exposure to loss in the event of a natural disaster or any uncontrollable event. Quinn is focusing on ________.risk managementThere is a company in NYC that did not purchase insurance to cover a potential fire in the building. One could say that this company was negligent in its approach to ________.risk managementThe risk management process involves ________ steps.5When thinking about risk management, after identifying risks and potential losses, the next step involves ________.measuring the frequency and severity of losses and their impactWhich of the following BEST describes property insurance?insurance covering losses resulting from physical damage to or loss of the insured's real estate or personal propertyWhich of the following BEST describes workers' compensation insurance?coverage provided by a firm to employees for medical expenses, loss of wages, and rehabilitation costs resulting from job-related injuries or disease.
