Risk And Uncertanty Flashcards Preview

A Level Business Studies - Business Objectives And Strategies > Risk And Uncertanty > Flashcards

Flashcards in Risk And Uncertanty Deck (4)
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1

Define what a business owner risk is

The owner is responsible for all the depts and failure of the business

2

Define what a business owner reward is

The business owner can obtain a great salary and a luxury lifestyle

3

Define what a quantifiable risk is

A quantifiable risk is one that can be measured. Eg) dept

4

Define what an unquantifiable risk is

An unquantifiable risk is one that cannot be measured. Eg) reputation