Entrepreneurship Chapter 12 Business Risk

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

Shoplifting is this type of risk:

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

There are measures that can prevent Robbery to a business.

The chance of loss but no opportunity for gain.

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

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

This procedure will help prevent theft:

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

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

This step is included in preparation for business risk:

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

This is a category of business risk:

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

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

A tornado would be considered this type of risk:

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

This is a payment to cover the cost of insurance.

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

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

Taking items from a business without paying.

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

The possibility of some kind of loss