BM: 3-7 Business Risk Factors

Who said, "I can accept failure. Everybody fails at something. But I can’t accept not trying. Fear is an illusion."?

• Melinda Gates

• Unknown

• Michael Jordan

• Nelson Mandela

What does capitalism assume or even require from entrepreneurs?

• To focus only on profits

• To take risks

• To avoid risks

• To rely on government support

What are the two categories of risks mentioned?

• Short-term and Long-term

• Pure and Speculative

• High and Low

• Internal and External

What is an example of a pure risk?

• Natural disasters

• Inflation

• Manufacturing malfunction

• Bad reviews for customer service

What modern-day crime is becoming harder to detect and prevent?

• Cybercrimes

• Shoplifting

• Vandalism

• Property theft

Which of the following is NOT a type of speculative risk?

• Financial Risk

• Product Risk

• Market Risk

• Natural disasters

What did Nelson Mandela say about losing?

• "Winning is everything."

• "Every loss is a lesson."

• "Losing is not an option."

• "I never lose. I either win, or I learn."

What is a good way to prevent crime, a pure risk, from happening?

• Focusing on speculative risks

• Ignoring the risks

• Enhanced security and video surveillance

• Taking more risks

What cannot be insured?

• Neither pure nor speculative risks

• Both pure and speculative risks

• Speculative risks

• Pure risks

What is a proforma used for in businesses?

• To record past financial transactions

• To track daily sales

• To estimate future revenues and expenses

• To calculate employee salaries