Risk And Uncertanty Flashcards
1
Q
Define what a business owner risk is
A
The owner is responsible for all the depts and failure of the business
2
Q
Define what a business owner reward is
A
The business owner can obtain a great salary and a luxury lifestyle
3
Q
Define what a quantifiable risk is
A
A quantifiable risk is one that can be measured. Eg) dept
4
Q
Define what an unquantifiable risk is
A
An unquantifiable risk is one that cannot be measured. Eg) reputation
