Raghunath Gorkha had a match district …
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Gaurav Seth 5 years ago
Q :
Different situations in different business are being elaborated below:-
(i) Raghunath Gorkha had a match stick factory in Nepal which got distructed by the recent earthquake.
Answer:
Causes of business risk identified in the above cases are as follows:--
1. Natural causes: Human beings have little or no control over natural calamities like flood, earthquake, lightning, heavy rains, famine, etc. A person can only talk about them and can not say when they will definitely occur. These natural calamities result in heavy loss of life, property and income in business.
2. Human causes: Human causes include such unexpected events as dishonesty, carelessness or negligence of employer/employees, stoppage of work due to power failure, strikes, riots, management inefficiency, etc.
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