Risk, as stated in the textbook, is
A) a chance all entrepreneurs take.
B) a probability that adverse conditions will result.
C) a possibility of suffering harm or loss.
D) usually avoidable.

Question

Quizplus · Accepted Answer

Risk is defined as the possibility of suffering harm or loss. It is not always avoidable and is inherent in any entrepreneurial venture. While adverse conditions may increase the probability of risk, they are not necessary for risk to exist. Therefore, the best choice is C.

Risk, as Stated in the Textbook, Is