Entrepreneurship Chapter 12 Business Risk

This procedure will help prevent theft:

A check that is returned because the customer's checking account has insufficient funds.

This is an uninsurable risk that involves inflation, recession, and govenment regulations.

A law that provides benefits to employees who have suffered work-related injuries.

A business is never liable if a purchase is made on a stolen credit card.

This step is included in preparation for business risk:

There are measures that can prevent Robbery to a business.

This type of insurance provides coverage for damage to buildings and the contents.

Taking action to prevent or reduce the possibility of loss to your business.

The possibility of some kind of loss

This is a payment to cover the cost of insurance.

This type of insurance covers a company's legal responsibility for harm to others.

Taking items from a business without paying.

Shoplifting is this type of risk:

When a retail business allows its customers to buy now and pay later.

A risk that can be reduced or avoided by actions you take.

A tornado would be considered this type of risk:

The chance of loss but no opportunity for gain.

The possibility of a recession would be considered this type of risk:

This is a category of business risk:

The chance to gain as well as lose from an event or activity

A pure risk faced by a large number of people and the amount of the loss can be predicted.

When one business allows another to buy now and pay later.