Question

(1) Sriram had a match stick factory in Nepal which got destructed
by the recent earthquake.
(ii) Mr Jayant a senior manager in a telecom company shared
confidential information about the company with a competitor
which led to huge losses for the company.
Identify the cause of business risk in both cases​

Answer 1

Answer:

Explanation:

1.  Natural causes: Human beings have little or no control over natural calamities like flood, earthquake, lightning, heavy rains, famine, etc. A person can only  talk about them and can not say when they will definitely occur. These natural calamities result in heavy loss of life, property and income in business.

2. Human causes: Human causes include such unexpected events as dishonesty, carelessness or negligence of employer/employees, stoppage of work due to power failure, strikes, riots, management inefficiency, etc.