Following are the characteristics of business risks. One of them is not correct. Please identify it. *
1 point
Loss is the reward for risk bearing
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 business
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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.
Explanation:
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