2.5.3 - Risk Management
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Practice Questions
Test your understanding with targeted questions
What is risk management?
💡 Hint: Think about what risks entrepreneurs face.
Name one type of risk entrepreneurs deal with.
💡 Hint: Consider what might threaten a business.
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Interactive Quizzes
Quick quizzes to reinforce your learning
What does risk management involve?
💡 Hint: Think about the full process of dealing with risks.
True or False: Market conditions do not influence risk management.
💡 Hint: Consider how changes in the market can introduce new risks.
1 more question available
Challenge Problems
Push your limits with advanced challenges
A food truck business faces multiple risks related to location, weather, and health regulations. Create a risk matrix categorizing these risks based on their likelihood and impact.
💡 Hint: Use a table format to categorize each risk.
An entrepreneur is considering expanding their online retail business. List potential risks they might encounter and suggest mitigation strategies for each.
💡 Hint: Consider both internal and external factors affecting the business.
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