BUISENESS MANAGEMENT
RISK MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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When are business risks generally greatest for a business?
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When experiencing an anniversary
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During the holiday seasons
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When a business first begins operation
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During the summer months
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Explanation:
Detailed explanation-1: -Business risk is the exposure a company or organization has to factor(s) that will lower its profits or lead it to fail. Anything that threatens a company’s ability to achieve its financial goals is considered a business risk.
Detailed explanation-2: -Business risk arises due to uncertainties. Uncertainty is when it is not known what is going to happen in future. Examples of uncertainties that affect a business are, change in government policy, change in demand, change in technology, etc.
Detailed explanation-3: -Business owners face a variety of business risks, including financial, compliance, cybersecurity, operational, and reputational.
There is 1 question to complete.