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Practice Questions
Test your understanding with targeted questions related to the topic.
Question 1
Easy
What does 'risk' mean in the context of business?
💡 Hint: Think about what could happen if things don’t go as planned.
Question 2
Easy
List two types of business risks.
💡 Hint: Consider what might threaten a company's finances or customer base.
Practice 4 more questions and get performance evaluation
Interactive Quizzes
Engage in quick quizzes to reinforce what you've learned and check your comprehension.
Question 1
What does risk in business primarily refer to?
- Profit potential
- Loss or failure due to uncertainties
- Customer satisfaction
💡 Hint: Think about the negative outcomes that could occur.
Question 2
Is SWOT analysis used for assessing risks?
- True
- False
💡 Hint: Consider what SWOT stands for.
Solve 2 more questions and get performance evaluation
Challenge Problems
Push your limits with challenges.
Question 1
A tech startup is facing financial risk due to inconsistent cash flow. Using a SWOT analysis, what steps can the company take to mitigate this risk?
💡 Hint: Think about how identifying internal and external factors might guide their decisions.
Question 2
Discuss the potential consequences for a business that does not implement insurance as part of its risk management strategy.
💡 Hint: Consider real-life examples of businesses that have suffered without insurance.
Challenge and get performance evaluation