Vocabulary
Quiz yourself by thinking what should be in
each of the black spaces below before clicking
on it to display the answer.
Help!
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| Business risk | The possibility of loss (failure) gain (success) inherent in conducting business.
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| Economic risk | Risks that result from changes in overall business conditions.
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| Natural risk | Perils resulting from environmental causes.
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| Human risks | Perils caused by human errors as well as the unpredictability of customers, employees , or the work environment.
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| Pure risks | The possibility of loss to a business without any possibility of gain.
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| Speculative risks | Chances of loss that may result in loss, no change, or gain.
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| Guarantees | A promise made to the consumer that a product's purchase price will be refunded if the product is not satisfactory.
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| Warranties | A promise made by the seller to the consumer that the seller will repair or replace a product that does not perform as expected.
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| Competition | the rivalry among two or more businesses to attract scarce customer dollars
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| Monoply | controlled by one supplier, and there are no substitute goods or services readily avaliable
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Review the information in the table. When you are ready to quiz yourself you can hide individual columns or the entire table. Then you can click on the empty cells to reveal the answer. Try to recall what will be displayed before clicking the empty cell.
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Or sort by any of the columns using the down arrow next to any column heading.
If you know all the data on any row, you can temporarily remove it by tapping the trash can to the right of the row.
To hide a column, click on the column name.
To hide the entire table, click on the "Hide All" button.
You may also shuffle the rows of the table by clicking on the "Shuffle" button.
Or sort by any of the columns using the down arrow next to any column heading.
If you know all the data on any row, you can temporarily remove it by tapping the trash can to the right of the row.
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Created by:
Zakiawatkins
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