Question 10 of 17beginner🧠 RememberVery Short1 mark
What is meant by business risk?
Correct Answer
Business risk refers to the possibility of inadequate profits or even losses due to uncertainties or unexpected events.
Exercise: EXERCISES - Short Answer Questions | Q: 9 | (Page 23)
For More Understanding
Explanation
This definition is explicitly stated in section 1.6 of the provided text. For a 1-mark question, a precise definition focusing on the possibility of loss due to uncertainty is sufficient.