The chance an individual or organization takes of losing time and money on a business that may not prove profitable is called?
A) Loss
B) Risk
C) Luck
D) Initiative

Question

Quizplus · Accepted Answer

The definition provided in the question describes the concept of risk, which is the chance of incurring a loss, harm, or damage when embarking on a particular activity or investment. Luck refers to events happening by chance, while initiative denotes the ability to take action or start something on one's own, which is not directly related to taking risks. Loss, on the other hand, is the negative outcome that results from unsuccessful business ventures or other similar activities. Therefore, the best choice is B as it accurately captures the meaning of the term described in the question.

The Chance an Individual or Organization Takes of Losing Time