Download App

Entrepreneurship as Innovation and Problem Solving — Entrepreneurship STD 11 Commerce — Question

CBSE BoardEnglish MediumSTD 11 CommerceEntrepreneurshipEntrepreneurship as Innovation and Problem Solving3 Marks
Question
Describe the various types of Risk Taking.
✓

Answer

Risk are of following types:
  1. Insurable Risks: These are related to life and property against fire, theft, accidents etc.
  2. Non-insurable: These are the risks whose probability cannot be determined and which cannot be insured against. For example: Fluctuations in price and demand. These are further divided into two types:
  • Internal Risks: Those risks which arise from the events taking place within the business enterprise.
  • Business risks: These are of a diverse nature and arise due to innumerable factors. These risks can be insurable or non-insurable.
  1. Dynamic risks: Risks which are caused by changes in the economy are known as 'dynamic risks'. These are generally less predictable because they do not appear frequently.

Need a full question paper?

Generate a complete, print-ready paper with questions like this in minutes — across 16+ boards, with answer keys.

Start Generating Free

Explore more

More "3 Marks Question" from Entrepreneurship as Innovation and Problem Solving→Entrepreneurship as Innovation and Problem Solving — all question types→Entrepreneurship STD 11 Commerce question papers→CBSE Board STD 11 Commerce question papers→CBSE Board question paper generator→

Similar questions

"When you sell your product but the buyer does not pay your money immediately" It is known as?
→
How will cash flow projections help an entrepreneur?
→
“Marketing Manager plays an important role in the organisation”. In the light of the above statement, explain his role.
→
Financial planning is important for a business. Why?
→
What is meant by "cost"? Costs can be of different types. State them?
→
Define customers. Are customer and consumer synonyms? If no, write the differences between them.
→
Sameer has just returned to India, after two years of working in Japan. He joined an advertisement company and was dismayed at the lack of mentorship in the company. In Japan, as soon as he had joined the company, he was assigned to a mentor who helped him to adapt to the new culture and the work environment and also helped him to progress in his career. He asked the company to implement a mentorship programme, stating that it is beneficial for all.
  1. Explain to the management the concept of mentorship.
  2. Give any five benefits that an organisation gets from mentoring.
→
Explain briefly the following myths relating to entrepreneurship.
  1. Start-ups cannot be financed with debt.
  2. Banks don't lend money to start-up.
→
What is done under place mix?
→
State the categories into which a corporate strategies can be divided.
→