name and explaine two charector of business whish involve possiblety of loss
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The two characteristics of business which involve possibility of loss are : (i) Uncertainty of return : There is always uncertainty of return and possibility of loss . ... (ii) Element of risk : Risk implies the uncertainty of reward or the possibility of loss...
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The two characteristics of business which involve possibility of loss are:
- Uncertainty of return: There is always uncertainty of return and possibility of loss. .....
- Element of risk: Risk implies the uncertainty of reward or the possibility of loss.
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