Risk Is Defined as the Possibility of Loss

question 23

True/False

Risk is defined as the possibility of loss.

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Definitions:

Entrepreneurial Firms

Companies that pursue opportunities, innovation, and value creation regardless of the resources currently in their possession.

Ambidextrous

The ability of an organization to simultaneously explore new opportunities while exploiting existing ones to achieve superior performance.

Exploration

The act of searching or traveling around a new area in order to discover what it contains.

Innovation

The act of introducing new ideas, devices, or methods to improve processes or products.