When Tabitha opened her architectural planning firm, she spent months considering the risks and figuring out how to manage each one. Unfortunately, she didnt plan for employee theft, so when it happened-to the tune of $50, 000-she was forced to close. Which kind of risk did Tabitha fail to plan for?

IMPORTANCE OF ENTREPRENEURSHIP IN ECONOMIC DEVELOPMENT

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Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]

When Tabitha opened her architectural planning firm, she spent months considering the risks and figuring out how to manage each one. Unfortunately, she didn’t plan for employee theft, so when it happened-to the tune of $50, 000-she was forced to close. Which kind of risk did Tabitha fail to plan for?

A	people risk
B	hazardous risk
C	location risk
D	internal risk

Explanation:

Detailed explanation-1: -The most common reason people launch their own business is to be their own boss. Other benefits include flexibility, financial rewards, the opportunity to innovate, and a chance to impact your community.

Detailed explanation-2: -Step 1 – Initial Idea Exploration, Identification and Assessment. Step 2-Idea/Concept and Scenario/Model Deliberation and Assessment. Step 3-Go/No-Go Decision. Step 4 – Business Plan Preparation and Implementation. Step 5 – Business Operations. Conclusion.

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INTRODUCTION TO ENTREPRENEURSHIP

IMPORTANCE OF ENTREPRENEURSHIP IN ECONOMIC DEVELOPMENT