Post Utme Osustech 2020 Commerce Question 35

Practice objective / multiple choice question 35 from the 2020 Post Utme Osustech Commerce examination.

Post Utme Osustech 2020 Commerce Objective / Multiple Choice
Question 35 POST_UTME_OSUSTECH • 2020 • COMMERCE • objective

A sole trader is considering expanding their business by hiring employees. However, they are concerned about the potential risks associated with hiring staff. Using the concept of risk management, identify the most appropriate strategy for the sole trader to mitigate these risks.

Answer Options

A. Hire temporary staff on a contract basis
Correct Answer B. Implement a comprehensive risk management plan
C. Increase the price of their products to offset the costs of hiring staff
D. Discontinue the business expansion plans
Correct Answer
B
Correct Option:
Implement a comprehensive risk management plan

About This Question

This is Post Utme Osustech 2020 Commerce Question 35. It is one of the objective questions from the 2020 Post Utme Osustech Commerce examination.

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