ENTREPRENEURSHIP AND THE GLOBAL ECONOMY
CULTURAL DIFFERENCES AND ENTREPRENEURSHIP
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Speculative risk presents the chance of loss but no opportunity of gain
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True
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False
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Either A or B
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None of the above
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Explanation:
Detailed explanation-1: -Speculative risks are made as conscious choices and are not just a result of uncontrollable circumstances. Since there is the chance of a large gain despite the high level of risk, speculative risk is not a pure risk, which entails the possibility of only a loss and no potential for gains.
Detailed explanation-2: -Business risk is the possibilities a company will have lower than anticipated profits or experience a loss rather than taking a profit.
There is 1 question to complete.