An entrepreneur keeps backup funds in a savings account so that if their business experiences a loss, they will be able to recuperate. What type of risk

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asked Nov 27, 2020 217k views

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Bydsky · Answer 1 · 2020-12-04T07:55:29+0000

Answer:

He is mitigating the Credit Risk if he experiences liquidity problems then he will be able to leverage in his own savings to continue his operation

Step-by-step explanation:

The entrepreneur is taking the risk of opening a business therefore he is saving in case he does not have enough liquidity to pay its debtors. This risk is called: Credit Risk.

An entrepreneur keeps backup funds in a savings account so that if their business experiences a loss, they will be able to recuperate. What type of risk

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An entrepreneur keeps backup funds in a savings account so that if their business experiences a loss, they will be able to recuperate. What type of risk ​

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An entrepreneur keeps backup funds in a savings account so that if their business experiences a loss, they will be able to recuperate. What type of risk