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Question

The possibilities of inadequate profits or even losses due to uncertainties are known as _________.

A
business contingencies
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B
business risks
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C
business ventures
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D
none of the above
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Solution

The correct option is B business risks
Every business organisation contains various elements while carrying out the business. Business risk can arise due to two factors, viz, internal and external. Hence, the possibilities of inadequate profits or even losses due to uncertainties are the business risks.

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