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Java Games: Flashcards, matching, concentration, and word search. |
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EC-003 (Lose, Win, or Draw) Business Risk 2
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| Financial risk | Possible events and situations that directly impact a company’s cash flow |
| Free enterprise | An economic system in which individuals and groups, rather than the government, own or control the means of production—the human and natural resources and capital goods used to produce goods and services; also known as private enterprise |
| Guarantee | A promise made to the consumer that a product’s purchase price will be refunded if the product is not satisfactory; often called a money-back guarantee |
| Hazard risks | Potential events or situations that can cause injury or harm to people, property, or the environment |
| Insurance | A contractual agreement in which one company (insurer) will pay for specified losses incurred by the other company (insured) in return for installment payments (premium) |
| Internal risks | Financial risks that are controlled by the business, such as poor budgeting, inaccurate financial data, and inadequate accounting processes |
| Investment | The use of money to generate a profit or gain |
| Lease | A contract to use property that belongs to someone else for a specific period of time and for a specific amount of money |
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Business Marketing Teacher, Career Technical Education |
CENTRAL CABARRUS HIGH SCHOOL |
| Concord, NC |
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