The greatest risk in a business venture is borne by the?

Assessment: WAEC SSCE - Commerce - 2003 (Objective) Subject: Commerce

Question 1 Report

The greatest risk in a business venture is borne by the?
Answer Details
The greatest risk in a business venture is borne by the entrepreneurs. An entrepreneur is a person who takes a financial risk by starting and running a new business venture to make a profit. Starting a business involves a significant amount of risk, including financial risk, market risk, operational risk, and legal risk. Entrepreneurs invest their own money or obtain funding from investors, and they are responsible for the success or failure of the business. They bear the risk of losing their investment, reputation, and personal assets in case of failure. Therefore, entrepreneurs are considered to be the ones who bear the greatest risk in a business venture.

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