4.5.1 - What is Risk in Business?
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Practice Questions
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Define what risk means in business.
💡 Hint: Think about uncertain outcomes in business.
What is one example of financial risk?
💡 Hint: Consider situations where funds become insufficient.
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Interactive Quizzes
Quick quizzes to reinforce your learning
What is the main definition of risk in business?
💡 Hint: Think about what could go wrong in a business.
True or False: Legal risk is not relevant for businesses.
💡 Hint: Consider the implications of laws on business operations.
2 more questions available
Challenge Problems
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A startup offers an innovative tech product but faces increasing competition and financial instability. How should it approach risk management?
💡 Hint: Consider both external and internal factors in decision-making.
With new regulations being introduced, a business must adapt to maintain compliance. Outline a risk management approach that focuses on legal risk.
💡 Hint: Pay close attention to regulatory changes and how they might affect operations.
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