Examlex
Mercer introduced the concept of:
Risk Assumption
The act of taking on the potential for loss or harm as part of a project, investment, or business, often in pursuit of a reward.
Entrepreneur
An individual who creates, launches, and manages a new business, typically taking on significant financial risk.
Controlling
In management, it involves monitoring performance, comparing it with goals, and taking corrective action as needed.
Entrepreneurial Idea
An innovative concept or solution that can be transformed into a viable business opportunity.
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