MANAGEMENT

Detailed explanation-1: -Financial risk refers to the likelihood of losing money on a business or investment decision. Risks associated with finances can result in capital losses for individuals and businesses. There are several financial risks, such as credit, liquidity, and operational risks.

Detailed explanation-2: -This is included in the category of financial risk. There are at least 4 risks included in it, namely income risk, expenditure risk, asset or investment risk, and credit risk.

Detailed explanation-3: -Financial risk is the possibility of losing money on an investment or business venture. Some more common and distinct financial risks include credit risk, liquidity risk, and operational risk. Financial risk is a type of danger that can result in the loss of capital to interested parties.

Detailed explanation-4: -Business risk usually occurs in one of four ways: strategic risk, compliance risk, operational risk, and reputational risk.

Detailed explanation-5: -Business risk relates to whether a company can make enough in sales and revenue to cover its expenses and turn a profit. With financial risk, there is a concern that a company may default on its debt payments. With business risk, the concern is that the company will be unable to function as a profitable enterprise.