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BUAW-Business Risk and PESTLE Factors Worksheet

Authored by Nisha Agrawalla

Other

12th Grade

Used 1+ times

BUAW-Business Risk and PESTLE Factors Worksheet
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21 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the basic definition of “risk” in business?

The chance to make more money

The possibility of something going wrong

The ability to control outcomes

The chance to expand the business

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which factor is NOT part of assessing risk?

A) Likelihood (how probable it is to happen)

B) Impact (how bad it would be)

C) Reward (how much money you can make)

D) Risk – Reward balance (overall trade-off)

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

If something is likely to happen and would have a major negative impact, where does it fall on the risk matrix?

Low risk

Medium risk

High risk

Uncertain

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A low-impact, low-likelihood event is considered high risk.

True

False

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which scenario shows Medium impact and High likelihood?

A) “Low” risk

B) “Medium” risk

C) “High” risk

D) Impossible to determine

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What should you do before taking any business risk?

Ignore it

Consider what you might lose vs what you might gain

Accept it without question

Panic and avoid it

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What does the "P" in PESTLE stand for?

People

Profit

Political

Productivity

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