4.5 - Risk Management
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Practice Questions
Test your understanding with targeted questions
What is the definition of risk in a business context?
💡 Hint: Think about what could go wrong in a business.
Name one type of financial risk.
💡 Hint: Consider the implications of having insufficient capital.
4 more questions available
Interactive Quizzes
Quick quizzes to reinforce your learning
What type of risk involves running out of money?
💡 Hint: Think about the funds necessary for business operation.
True or False: Legal risk can be ignored as it has no immediate consequences.
💡 Hint: Consider the repercussions of neglecting laws.
2 more questions available
Challenge Problems
Push your limits with advanced challenges
Create a comprehensive risk management plan for a fictitious startup that sells eco-friendly products. Include at least three types of risks and how your plan addresses them.
💡 Hint: Think about the unique challenges eco-friendly products might face in the market.
Analyze a real or hypothetical case where a company faced a severe market risk. Identify the actions taken to mitigate this risk and evaluate their effectiveness.
💡 Hint: Consider how industry shifts impacted their business model.
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