Implications of the business risk approach?
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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Implications of the business risk approach?
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Business risk is the exposure a company or organization has to factor(s) that will lower its profits or lead it to fail. Anything that threatens a company's ability to achieve its financial goals is considered a business risk. There are many factors that can converge to create business risk. Sometimes it is a company's top leadership or management that creates situations where a business may be exposed to a greater degree of risk.
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