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Following are the characteristics of business risks. One of then is not correct. Please identify it.
- a)Loss is the reward for risk bearing
- b)Business risks are due to uncertainties
- c)Risk is an essential component of every business
- d)Degree of risk depends mainly upon the nature and size of business
Correct answer is option 'A'. Can you explain this answer?
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Most Upvoted Answer
Following are the characteristics of business risks. One of then is no...
Characteristics of Business Risks
• Uncertainty: Business risks arise due to the uncertainty factor which is beyond the control of the business owner.
• Essential Component: Risk is an essential component of every business. Without taking risks, businesses cannot grow or expand.
• Nature and Size: Degree of risk depends mainly upon the nature and size of business. Small businesses have fewer resources to bear the risk, while large businesses can absorb more risk.
• Incorrect Characteristic: Loss is the reward for risk bearing. This statement is incorrect as loss is not the reward for risk bearing. Profit is the reward for bearing risks.
Conclusion
Business risks are an inherent part of any business venture. The degree of risk depends on the nature, size, and resources of the business. However, it is important to note that loss is not the reward for risk-bearing, but rather the reward is profit.
• Uncertainty: Business risks arise due to the uncertainty factor which is beyond the control of the business owner.
• Essential Component: Risk is an essential component of every business. Without taking risks, businesses cannot grow or expand.
• Nature and Size: Degree of risk depends mainly upon the nature and size of business. Small businesses have fewer resources to bear the risk, while large businesses can absorb more risk.
• Incorrect Characteristic: Loss is the reward for risk bearing. This statement is incorrect as loss is not the reward for risk bearing. Profit is the reward for bearing risks.
Conclusion
Business risks are an inherent part of any business venture. The degree of risk depends on the nature, size, and resources of the business. However, it is important to note that loss is not the reward for risk-bearing, but rather the reward is profit.
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Community Answer
Following are the characteristics of business risks. One of then is no...
The correct answer is A as A is a wrong statement the right statement should be "Profit is the reward for risk bearing."
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Following are the characteristics of business risks. One of then is not correct. Please identify it.a)Loss is the reward for risk bearingb)Business risks are due to uncertaintiesc)Risk is an essential component of every businessd)Degree of risk depends mainly upon the nature and size of businessCorrect answer is option 'A'. Can you explain this answer?
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