Explain briefly a business risk.

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Answer 1

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Chapter 1, Problem 1RC

To determine

Explain briefly a business risk.

Expert Solution & Answer

Explanation of Solution

Business risk:

Business risk refers to the chances or probability of occurrence of such events which will lower the expected profitability of a business.

In other words, business risk can be defined as the chance where the business fails to achieve its desired objectives. For example, a company may lose its customers if the competitor introduces an innovative product.

Information risk is a type of business risk which may affect business adversely. For instance, all business decisions are based on information. If a misleading information floats in a company then a company may take a wrong decision that will affect company’s profitability in future.

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Answer 2

Question

100%

Chapter 1, Problem 1RC

To determine

Explain briefly a business risk.

Expert Solution & Answer

Explanation of Solution

Business risk:

Business risk refers to the chances or probability of occurrence of such events which will lower the expected profitability of a business.

In other words, business risk can be defined as the chance where the business fails to achieve its desired objectives. For example, a company may lose its customers if the competitor introduces an innovative product.

Information risk is a type of business risk which may affect business adversely. For instance, all business decisions are based on information. If a misleading information floats in a company then a company may take a wrong decision that will affect company’s profitability in future.

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Answer 3

Question

100%

Chapter 1, Problem 1RC

To determine

Explain briefly a business risk.

Expert Solution & Answer

Explanation of Solution

Business risk:

Business risk refers to the chances or probability of occurrence of such events which will lower the expected profitability of a business.

In other words, business risk can be defined as the chance where the business fails to achieve its desired objectives. For example, a company may lose its customers if the competitor introduces an innovative product.

Information risk is a type of business risk which may affect business adversely. For instance, all business decisions are based on information. If a misleading information floats in a company then a company may take a wrong decision that will affect company’s profitability in future.

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Answer 4

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100%

Chapter 1, Problem 1RC

To determine

Explain briefly a business risk.

Expert Solution & Answer

Explanation of Solution

Business risk:

Business risk refers to the chances or probability of occurrence of such events which will lower the expected profitability of a business.

In other words, business risk can be defined as the chance where the business fails to achieve its desired objectives. For example, a company may lose its customers if the competitor introduces an innovative product.

Information risk is a type of business risk which may affect business adversely. For instance, all business decisions are based on information. If a misleading information floats in a company then a company may take a wrong decision that will affect company’s profitability in future.

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Answer 6

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Answer 7

Chapter 1, Problem 1RC

To determine

Explain briefly a business risk.

Expert Solution & Answer

Explanation of Solution

Business risk:

Business risk refers to the chances or probability of occurrence of such events which will lower the expected profitability of a business.

In other words, business risk can be defined as the chance where the business fails to achieve its desired objectives. For example, a company may lose its customers if the competitor introduces an innovative product.

Information risk is a type of business risk which may affect business adversely. For instance, all business decisions are based on information. If a misleading information floats in a company then a company may take a wrong decision that will affect company’s profitability in future.

Answer 8

Chapter 1, Problem 1RC

To determine

Explain briefly a business risk.

Expert Solution & Answer

Explanation of Solution

Business risk:

Business risk refers to the chances or probability of occurrence of such events which will lower the expected profitability of a business.

In other words, business risk can be defined as the chance where the business fails to achieve its desired objectives. For example, a company may lose its customers if the competitor introduces an innovative product.

Information risk is a type of business risk which may affect business adversely. For instance, all business decisions are based on information. If a misleading information floats in a company then a company may take a wrong decision that will affect company’s profitability in future.

Answer 9

Chapter 1, Problem 1RC

To determine

Explain briefly a business risk.

Answer 10

Expert Solution & Answer

Explanation of Solution

Business risk:

Business risk refers to the chances or probability of occurrence of such events which will lower the expected profitability of a business.

In other words, business risk can be defined as the chance where the business fails to achieve its desired objectives. For example, a company may lose its customers if the competitor introduces an innovative product.

Information risk is a type of business risk which may affect business adversely. For instance, all business decisions are based on information. If a misleading information floats in a company then a company may take a wrong decision that will affect company’s profitability in future.