Tli 152 chapter 1 - Study guides, Class notes & Summaries

TLI 152 Chapter 1

TLI 152 Chapter 1 Questions and Answers 1. If a business's expenses exceed its revenues, the business operates at a(n) loss 2. A business owner takes the chance of losing time and money invested in a business if it becomes unprofitable. This is referred to as _______ and is an important consideration in deciding whether to become an entrepreneur. Risk 3. A country with high economic growth may also face challenges like high pollution or political instability. This suggests that...