ESB - Entrepreneurship and Small Business Certification Practice Test
ESB Risk Management
Which of the following best describes 'risk management' in the context of a small business?
Select your answer
A
Eliminating all possible uncertainties before launching
B
Identifying, assessing, and prioritizing potential threats and taking actions to minimize their impact
C
Transferring all financial liability to investors
D
Avoiding any business activity that carries uncertainty
Hint
