Asked by Caryse Janée on Jun 16, 2024
Verified
Recessions,stock market crashes and hostile takeovers are examples of_____that may be sources of uncertainty and high risk.
A) economic crises
B) physical crises
C) human resources crises
D) none of these
Economic Crises
Periods of significant decline in economic activity across a region or country, characterized by high unemployment, falling incomes, and severe disruption to commercial and financial markets.
Uncertainty
A situation characterized by unpredictability and a lack of information about future events.
- Grasp the importance of environmental factors, such as economic crises, in creating uncertainty and risk in decision-making.
Verified Answer
BK
basheer kananJun 19, 2024
Final Answer :
A
Explanation :
Recessions, stock market crashes and hostile takeovers all fall under the category of economic crises, which can be a source of uncertainty and high risk for businesses. Physical crises would be things like natural disasters or infrastructure failures, and human resources crises would be issues like labor strikes or high turnover rates.
Learning Objectives
- Grasp the importance of environmental factors, such as economic crises, in creating uncertainty and risk in decision-making.
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