MANAGEMENT

Detailed explanation-1: -Business risk usually occurs in one of four ways: strategic risk, compliance risk, operational risk, and reputational risk.

Detailed explanation-2: -Human risk Human risks can arise from factors employees can’t control, like health issues, or intentional actions like theft or fraud. When a business faces human risks, it can experience a loss of profits. Example: Alcohol abuse can cause employees to make mistakes at work, which can lower productivity.

Detailed explanation-3: -Business risk is the possibilities a company will have lower than anticipated profits or experience a loss rather than taking a profit. Business risk is influenced by numerous factors, including sales volume, per-unit price, input costs, competition, and the overall economic climate and government regulations.