The risk associated with a sudden and unforeseen happening that has a significant and usually immediate effect on a firm's financial condition is called
A) market risk.
B) speculation.
C) event risk.
D) business risk.

Question

Quizplus · Accepted Answer

Event risk refers to the unforeseen and sudden events that can cause a significant and immediate impact on a firm's financial condition. Such events might include natural disasters, terrorist attacks, or major regulatory changes. This type of risk is often difficult or impossible to predict, making it challenging for companies to prepare adequately.

The Risk Associated with a Sudden and Unforeseen Happening That