Home › Bihar Board Class 12 (Commerce) › Business Studies › Nature and Purpose of Business › Risk in business is best defined as what?
Risk in business is best defined as what?
AAssured business gain
BFixed rate of return
CUncertainty about loss
DLack of any rivals
Answer & Solution
Correct answer: C. Uncertainty about loss
Risk is the uncertainty of loss caused by an unfavourable event.
Related questions
Availability of raw materials and power supply mainly influences which decision?Which factor should an entrepreneur decide first when starting a business?An entrepreneur is described as a job-provider rather than what?The business unit resulting from entrepreneurship is called what?The process of setting up one's own business is called what?Dishonesty or carelessness of employees is which cause of business risk?Flood, earthquake and famine are what kind of cause of business risk?Which principle says higher risk can bring higher profit?