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Question

Define 'business risk'.


A

The chance a business will incur a slight loss in business is called risk.

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B

The probability or chance a business incurs a loss is called risk.

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C

The chance a business will incur no loss in business is called risk.

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D

All of the above

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Solution

The correct option is B

The probability or chance a business incurs a loss is called risk.


Risk in a business is the probability or chance a business incurs a loss.


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