Risk and Uncertainty Flashcards
1
Q
What is meant by risk and reward
A
2
Q
Relationship between risk and reward
A
3
Q
Evaluate the relationship between risk and reward in a business
A
4
Q
Difference between quantifiable and unquantifiable risk
A
5
Q
Evaluate quantifiable and unquantifiable risks to a business
A
6
Q
How can a business reduce risk
A
7
Q
Consequences to a business and stakeholders of poor risk management
A
8
Q
Risks faced by an entrepreneur
A
9
Q
What is meant by uncertainty
A
10
Q
Difference between internal and external causes of uncertainty in a business
A
11
Q
Impact of internal and external causes of uncertainty on a business and its stakeholders
A
12
Q
How can uncertainty affect a business including effects on aims and objectives, planning, decision making, business analysis and forecasting.
A
