How do opportunities for enterprise arise?
Topic 4: Opportunity and Risk

Quiz
•
Business
•
9th - 11th Grade
•
Medium
Umi salmah Hj Ajam
Used 8+ times
FREE Resource
15 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Inventing a new product.
Selling a product at a cheaper price.
Changing needs or wants for a product.
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following is NOT the cause of how enterprise opportunities can arise.
Changes in the ability to meet needs and wants.
Outdated in technology
Changes in government policy.
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Define the term "Opportunity".
A time or event that makes it possible to do something.
Something given in recognition of effort or return for something achieved.
The chance of gaining or losing something as a result of an action taken.
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
"Something given in recognition of effort or return for something achieved" is a definition of which term?
Risk
Reward
Opportunity
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Risks can be positive or negative. Which of the following is "NOT" an example of risk?
It is not certain to make a profit.
Choosing the wrong pricing.
Customer places order with full payment.
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Financial risks, Economic risks, Health and Safety risks, Human Resources risk, and _____________ risks are the risk that an enterprise has to deal with.
Population
Environment
Production
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the 1st stage of risk management?
Analyse the implications of risk.
Identify the risks.
Monitor and review the plan.
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