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A drawback of entrepreneurship is the?

risk of business failure.


What has the author Ralph Heath written?

Ralph Heath has written: 'Celebrating failure' -- subject(s): Risk-taking (Psychology), Business failures, Failure (Psychology), Success in business


Why is risk inherent in business?

Failure, loss of family and friends the crushing of one's dreams and ultimately, suicide


What does the term 'compliance risk' mean?

'Compliance risk' means the risk of material financial loss, legal liability, or loss of reputation to a business as a result of its failure to comply with the law.


Examine the concept of business risk and uncertainties and explain various business risk?

business risk is the risk ,a business face ,again the achieving of its objectives ,it can be of many types , like currency risk, political risk , industry specific risk , also financial risk that can also be business risk


What of the features of business risk?

what is the features of variouse business risk


What does business risk mean?

business risk is when you take a risk when you dont know whether its right or wrong.


Financial risk of running a business?

financail risk of operating and opening a business


Are Entrepreneurs are noted for their ability to bounce back after a business failure?

Entrepreneurs are noted for their ability to bounce back after a business failure.


What is a disadvantage of owning a business?

the disadvantage you are responsible for the failure of the business


What are the main functions of an entreprenuer?

take initiative in combining their resources, make strategic business decisions, be innovative with production & marketing their product and bear the risk of success or failure for their innovation.


What is meant by business risk and why its important for the auditor to properly assess the risk?

Business risk means the amount of money and reputation that a business stands to lost. It is important for an auditor to assess the risk in order for the business to avoid heavy losses.