Question

which of the following is not a cause of business risk
a/ breakdown of machinery
b/ efficient management
c/ Riot
d/ changing government policy
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Answer 1

Explanation:

the answer is d changing government policies

Answer 2

Answer:

The correct answer is found to be option (b) Efficient management, Efficiently managing a business is one of the best ways to prevent it from any risk.

Explanation:

• Business risk is associated with uncertainties that affect business operations. It is detrimental to the normal growth of the business. These risks need to be dealt with and managed in a timely manner. Many companies are losing money because of these risks.
• Business risks vary from company to company, depending on their size. These risks cannot be avoided, but they need to be controlled. There are two types of business risk: external risk and internal risk.
• The risks that arise as a result of internal control are called internal risks. These risks are under our control. External risks arise from unfavorable economic conditions. These risks are beyond our control.

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