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EC-003 (Lose, Win, or Draw) Business Risk 3

AB
Liability insuranceA contractual agreement that provides compensation for losses that a person or business is responsible for
MarketsArrangements for the buying and selling of goods and services
ObsolescenceThe state of being outmoded or unfashionable
Operational risksPossible events and situations resulting from employee actions, core processes, and daily business activities
PartnershipA form of business ownership in which the business is owned by two or more persons
ProfitMonetary reward a business owner receives for taking the risk involved in investing in a business
Pure risksChances of loss that carry with them the possibility of loss or no loss
ReturnIncome received from an investment


Business Marketing Teacher, Career Technical Education
CENTRAL CABARRUS HIGH SCHOOL
Concord, NC

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