Business and Risk Management Concepts
Flashcard
•
Business
•
9th Grade
•
Easy
Philip Hosmer
Used 1+ times
FREE Resource
Student preview
25 questions
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1.
FLASHCARD QUESTION
Front
Avoidance
Back
Risk-response strategy to avoid risky actions
2.
FLASHCARD QUESTION
Front
Business risk
Back
Possibility of loss or gain in business
3.
FLASHCARD QUESTION
Front
Cost of goods
Back
Money paid for products or raw materials
4.
FLASHCARD QUESTION
Front
Direct competition
Back
Rivalry among similar businesses
5.
FLASHCARD QUESTION
Front
Economic risk
Back
Loss due to economic factors
6.
FLASHCARD QUESTION
Front
Expenses
Back
Money spent by a business
7.
FLASHCARD QUESTION
Front
Gross profit
Back
Income minus cost of goods
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