Answers
Exposure to danger that can cause business failure or financial loss
Chance taken after carefully assessing likely advantages and disadvantages
Outside events like weather, economic change, or technology shifts
Leaving steady employment, losing reliable income and employment protections
When a firm closes because it cannot pay debts or survive
Losing money due to investments, expenses exceeding revenue, or cash shortages
Revenue remaining after costs, available to owners or reinvestment
Owners protected from personal responsibility for company debts
Owners personally responsible for business debts, risking personal assets
Non-monetary benefits like satisfaction, reputation, and making a difference