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Explain the Role of Risk in Entrepreneurship and How Entrepreneurs

question 66

Essay

Explain the role of risk in entrepreneurship and how entrepreneurs deal with it.


Definitions:

Cash Disbursements

The payment of cash by a business for expenses, purchases, or obligations.

Sales

The total amount of revenue generated from selling goods or services over a given period.

Retained Earnings

Retained earnings represent the portion of a company's net income that is kept within the company after dividends are paid to shareholders, used for reinvestment or debt payment.

December

The Gregorian calendar's final and twelfth month marks the end of the year.

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