Define Risk.

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Probability or chance of incurring loss is called risk.
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SUBHASH DEY-PART-A FOUNDATIONS OF BUSINESS -Very short ans
  1. Name the industries which provide support service to other industreis.

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  2. What type of industry is fishing?

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  3. ABC Ltd. Is planting trees on the roadside. Which objective is it tryi...

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  4. Define Risk.

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  5. Name any two factors kept in mind while setting up an enterprise.

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  6. Why do businessmen earn profit?

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  7. Give an example of activity, which is economic in one sense and non-e...

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  8. Teena produces goods not for the purpose of sale but for personal cons...

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  9. Piyush cooks food at his family whereas Rishab cooks food and sells it...

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  10. Name the economic activity, which invovles specialised knowledge and ...

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  11. What type of industry is banking.

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  12. What type of industry are poultry farms and dealing with saplings of p...

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  13. How do traders remove hindrance of persons?

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  14. Name the tertiary industry which removes hindrance of knowledge.

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  15. What term is used to refer to physical arrangement of machines and equ...

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  16. What is the basis of differentiating between economic and non-economic...

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  17. Name the economic activities in which following people are involved. ...

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  18. Name the following : (a) The economic activity showing a risk elemen...

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  19. State with reasons wheter the following statements are 'True' or 'Fals...

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  20. Identify the following as traits of business, profession and employmen...

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