What is a calculated risk?
Select ONE answer:
- Weighing up the probability of profit or loss.
- The total revenue received from sales over a period of time.
- Involves taking risks, showing initiative and a willingness to undertake new ventures.
- A document outlining the responsibilities and duties expected to be carried out by someone.
Show the workings to arrive at your answer, and explain and justify your reasons:
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This multiple choice question is suitable for Business Studies KS4 & KS3 classes
The answer is 1
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