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Which of the following isnota correct statement regarding business risk and financial instruments?
thenamehobbs
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Which of the following isnota correct statement regarding business risk and financial instruments?
Which of the following is
not
a correct statement regarding business risk and financial instruments?
▸ Business risks associated with financial instruments will vary depending of the aggressiveness of a company's investing activity.
▸ Business risk will be higher for companies investing in less liquid securities.
▸ Financial services firms are exposed to very little risk with their financial instruments.
▸ Business risk for a company will be higher when investments represent a greater proportion of total assets.
Textbook
Auditing and Assurance Services
Edition:
17
th
Authors:
Arens, Elder, Beasley, Hogan
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Financial services firms are exposed to very little risk with their financial instruments.
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