explain with an example what is profit ,loss and risk
Answers
Profit is a benefit or gain, usually monetary. An example of profit is the money a business has left after paying their expenses. ... The amount of money received for goods and services minus the amount spent on same; excess revenue. See also profit à prendre.
Loss is defined as having something or someone leave or be taken away from you, a feeling of grief when something is gone, or a decline in money. An example of loss is when your parent dies. An example of loss is when you are fired from your job. An example of loss is what you feel when your pet dies.
hazard is something that can cause harm, e.g. electricity, chemicals, working up a ladder, noise, a keyboard, a bully at work, stress, etc. A risk is the chance, high or low, that any hazard will actually cause somebody harm. For example, working alone away from your office can be a hazard.
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