Differentiate between the pure risk and speculative risk as

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Question 1: What steps are needed in profit planning?

Question 2: What is control? List the steps in an effective control process?

Question 3: What are performance standards? Why are they used? List some examples.

Question 4: What are some of the management decisions owners of small businesses must make?

Question 5: What types of information do they need to make those decisions?

Question 6: What is meant by risk management?

Question 7: Distinguish between pure risk and speculative risk as they apply to small business.

Question 8: Discuss four ways small firm can cope with risk.

Question 9: What is a tort?

Question 10: Describe some of the assistance available to small firms from government agencies.

Reference no: EM13459207

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