EBK UNDERSTANDING BUSINESS
EBK UNDERSTANDING BUSINESS
11th Edition
ISBN: 8220102809673
Author: Nickels
Publisher: YUZU
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Chapter 1.1, Problem 1.1AQ
Summary Introduction

To determine: The risks and rewards that a person faces when starting a business.

Introduction:

Business is an activity by which goods and services are delivered for the purposes of making profits.

Risks refer to the uncertainty of a particular event and rewards, which are the consideration or profits received for conducting an activity.

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