All of the following are financial risks which may be faced by business organizations EXCEPT

Question

Question: All of the following are financial risks which may be faced by business organizations EXCEPT

Options:

1.  interest rate risk.
2.  commodity price risk.
3.  product liability risk.
4.  currency exchange rate risk.

Answer 1

3. Product liability risk

All of the following are financial risks which may be faced by business organizations EXCEPT product liability risk.

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More information:

Product Liability Insurance covers the risk of product manufactured or sold by the insured company which causes any injury or damage to a consumer or property.

A company could be held liable for manufacturing a defective product and sold to consumer.