INTRODUCTION TO ENTREPRENEURSHIP
ENTREPRENEURIAL PROCESS
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Two categories of risks most faced by businesses are controllable and uncontrollable risks
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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: -Controllable risks are those which you can do something about. These would include currency exchange risks, addressing skills issues, poor cashflow (i.e.lack thereof), lawsuits, etc. Uncontrollable risks might include natural disasters (floods, storms, etc).
Detailed explanation-2: -Entrepreneurs face multiple risks such as bankruptcy, financial risk, competitive risks, environmental risks, reputational risks, and political and economic risks.
There is 1 question to complete.