Question

Choose all that apply. Lauren is starting her own business–a coffee shop. Select all of her risks. location rent an employee injury theft fire

Answer 1

All of these would be a potential risk for the business except rent. Rent is an unavoidable liability (cost).

Location can be a risk because of factors like flooding or crime rates.

An employee injury cannot be predicted and is a risk you must try to manage

Theft is always a risk

Fire is a risk that can be mitigated, but not totally removed.

Answer 2

The correct answer is A, Location.

Step-by-step explanation:

When a person opens a shop or restaurant, choosing the right potential location is the most important thing to consider. In businesses like food, the location of the restaurant or coffee shop plays a vital role. Selecting the location is the biggest risk for the owner. If he fails to select the best location, his or her business is surely going to doom. A coffee shop location should be somewhere in the reach of people, at the heart of the area.

All other factors like employees injury, theft and fire can be managed by taking appropriate measures.