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Business Studies

Risk and Uncertainties

Risk is not a...

Question

Risk is not an essential part of a business.

A

True

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B

False

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Solution

The correct option is B
False

False. Risk is an essential part of a business. Business risks arise because of uncertainties.

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Similar questions

Explain the following features of business risk.

(a) Business risks arise due to uncertainties

(b) Risk is an essential part of every business

Q. Answer the following is Yes or No:
(a) A business activity can be carried out without sale or exchange.
(b) Business involves the creation of utilities.
(c) A business activity may be without a profit motive.
(d) Risk is an essential element of every business activity.
(e) Earning profit is the sole objective of business.
(f) Business is an economic activity.
(g) Profession involves greater risk than business.

Risk is an inherent element of a business. Do you agree?

Q. Explain risk bearing in business by an entrepreneur.

Q. Following are the characteristics of business risks. Which of the following is not correct?

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