Practice Risk Management (4.5) - Entrepreneurial Skills – IV - CBSE 12 AI (Artificial Intelligence)

Practice: Risk Management

Lesson 4.5Entrepreneurial Skills – IV

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10 questions

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5 cards from this section. Quick, good the night before a test.
Exercise
6 questions · about 4 min · pass mark 70%. Hints available.
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Quiz
4 questions · about 3 min · pass mark 70%. Hints available.
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6 sample questions

Question 1.
What is the definition of risk in a business context?
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Think about what could go wrong in a business.
Question 2.
Name one type of financial risk.
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Consider the implications of having insufficient capital.
3Question 3.
What type of risk involves running out of money?
- Operational Risk
- Financial Risk
- Market Risk
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Think about the funds necessary for business operation.
4Question 4.
True or False: Legal risk can be ignored as it has no immediate consequences.
- True
- False
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Consider the repercussions of neglecting laws.
Question 5.
Create a comprehensive risk management plan for a fictitious startup that sells eco-friendly products. Include at least three types of risks and how your plan addresses them.
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Think about the unique challenges eco-friendly products might face in the market.
Question 6.
Analyze a real or hypothetical case where a company faced a severe market risk. Identify the actions taken to mitigate this risk and evaluate their effectiveness.
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Consider how industry shifts impacted their business model.

6 more questions in this section. Enroll free to practise them all.