Different situations in a business are being elaborated below: (i) Raghunath had a match stick factory that got destructed by an earthquake. (ii) Mr. Arya, a Senior Manager in a telecom company shared confidential information about the company with a competitor which led to huge losses for the company. (iii) Vodafone was charged with evasion of tax and asked to pay fine in crores which would lead to heavy losses for the company. (a) Which characteristic of business is being referred to in all the above cases? (b) How can you classify the different cases based on this characteristic?
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