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Question

Spicetech Ltd is running a website for selling gift items and getting orders from all over the country. The company got an order of 100 packets of spices from a company for its employees, Spicetecg arranged the items and delivered it on time but the company returned the whole lot was sent back because the items that were asked were not present. Spicetech had to accept the rejected order back as they were not having a proper record of the item selected by the company. State the problem that was faced by Spicetech.


A

Business risk

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B

Financial risk

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C

Non-business risk

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D

Transactional risk

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Solution

The correct option is D

Transactional risk


The problem that was faced by Spicetech is a transactional risk.


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