following are the characteristics of business risk . identify incorrect.
Answers
Explanation:
The correct answer is A as A is a wrong statement the right statement should be "Profit is the reward for risk bearing." Yes ofcourse the statement of option A is incorrect. Because profit is reward for bearing risk not loss. This discussion on Following are the characteristics of business risks.
The correct answer A
Every business involves certain risks. To be a successful businessman, the owner has to take risk. Business risk has many characteristics. They are:
Business risks are due to uncertainties.
Risk is an essential component of every business.
Degree of risk depends mainly upon the nature and size of the business.
Loss cannot be called as reward for risk bearing because profit is the reward for risk bearing.
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