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The possibilities of inadequate profits or even losses due to uncertainties are known as ____________
Business contingencies
Business risks
Business ventures
None of these
- Business contingencies:
- This term refers to unexpected events that might affect a business.
- Companies plan for contingencies to manage potential disruptions.
- It does not specifically address profit or loss uncertainties.
- Business risks:
- These are uncertainties that can lead to inadequate profits or losses.
- They stem from various factors like market changes or economic downturns.
- This is the correct term for uncertainties concerning profits.
- Business ventures:
- A venture is a new business activity or project.
- It doesn't focus on the concept of losses or uncertainties particularly.
- More about exploring new opportunities.
- None of these:
- Implies that no option fits the description.
- Not applicable here, as Business risks is the correct term.
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