Risk is a loss or consequence of action which is created from uncertainty.
According to John J. Hampton,” Risk may be defined as the likelihood that the actual return from an investment will be less than that forecast return.”
According to Besely and Brigham,” Risk can be defined as the chance that some event other than expected will occur.”
According to L.J. Gitman,” Risk is the financial loss or more formally, the variability of returns associated with a given assets.”
According to Irvin pfeffer,” Risk is a combination of hazards measured by probability.”
Mainly, there are three kinds of risk. Such as-
2.Financial Risk, and
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