Post Utme Elizade University 2024 Commerce Question 21

Practice objective / multiple choice question 21 from the 2024 Post Utme Elizade University Commerce examination.

Post Utme Elizade University 2024 Commerce Objective / Multiple Choice

Question 21 POST_UTME_ELIZADE_UNIVERSITY • 2024 • COMMERCE • objective

A sole trader's business is exposed to various risks, including market risk, credit risk, and operational risk. Which of the following is the most effective way to manage these risks?

Answer Options

Correct Answer A. Diversification of business activities

B. Insurance coverage for business assets

C. Hedging against market fluctuations

D. Risk avoidance through business closure

Correct Answer

Correct Option:

Diversification of business activities

About This Question

This is Post Utme Elizade University 2024 Commerce Question 21. It is one of the objective questions from the 2024 Post Utme Elizade University Commerce examination.

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