Question

1 point
QUESTION 15: Assertion (A) Business represents exchange of Goods and
Services. Reason (R) Risk and Uncertainties are always there with any form
of business.
Both Assertion (A) and Reason (R) are true. Reason (R) is the correct explanation of
Assertion (A)
Assertion (A) is correct, but Reason (R) is incorrect
Assertion (A) is incorrect, but Reason (R) is correct
Both Assertion (A) and Reason (R) are true, but Reason (R) is not the correct
explanation of Assertion (A)

Answer 1

Answer:

The correct option is Both assertion (A) and Reason(R) are the true reason(R) is the correct explanation of assertion (A)

Explanation:

Given,

Assertion

(A) Business represents an exchange of goods and services,

A business is any movement that delivers goods or services to customers to create again. The given is an appropriate meaning of business.

Reason

(R) Risk and Uncertainties are always there with any form of business.

The business is aimed at profit-making and satisfying consumer needs but it also includes  Risk and Uncertainty in it. The word business risks guides to the chance of a commercial business producing insufficient profits (or even losses) due to uncertainties - for example, differences in preferences, changing tastes of consumers, walkouts, etc...

Therefore, the answer is Both assertion (A) and Reason(R) are the true reason(R) is the correct explanation of assertion (A).

Answer 2

Answer:

Both Assertion (A) and Reason (R) are true. Reason (R) is the correct explanation of

Both Assertion (A) and Reason (R) are true. Reason (R) is the correct explanation ofAssertion (A)

Explanation:

Assertion (A) Business represents exchange of Goods and

Services.

Business:

A business is defined as an organization or enterprising entity engaged in commercial, industrial, or professional activities. Businesses can be for-profit entities or non-profit organizations. Business types range from limited liability companies, sole proprietorships, corporations, and partnerships.

business is the production, distribution, and sale of goods and services for a profit.

Reason (R) Risk and Uncertainties are always there with any form

of business.

Business uncertainty refers to situations in which businesses face risks that can't be foreseen or measured. During these times, it may be hard for businesses to predict their performance due to unprecedented or constantly changing events.

The probability, or chance of loss can be measured in different ways. Thus, four types of risk can be distinguished: real risk, statistical risk, predicted risk and perceived risk. Real risk cannot be measured. The term 'actual'risk usually refers to statistical or predicted risk.

Here are seven types of business risk you may want to address in your company.

• Economic Risk. The economy is constantly changing as the markets fluctuate. ...
• Compliance Risk. ...
• Security and Fraud Risk. ...
• Financial Risk. ...
• Reputation Risk. ...
• Operational Risk. ...
• Competition (or Comfort) Risk.

The project code is #SPJ3