4. whats the best explanation of how businesses help increase the standard of living? by buying goods and…

4. whats the best explanation of how businesses help increase the standard of living? by buying goods and services by selling goods and services they dont by hiring people by engaging in economic activity 5. whats the best explanation of risk? the chance of making insufficient revenue the chance of a loss or harm occurring the chance of a business failure none of the answers are correct the chance of losing money

4. whats the best explanation of how businesses help increase the standard of living? by buying goods and services by selling goods and services they dont by hiring people by engaging in economic activity 5. whats the best explanation of risk? the chance of making insufficient revenue the chance of a loss or harm occurring the chance of a business failure none of the answers are correct the chance of losing money

Answer

Brief Explanations:

For question 4, businesses increase the standard - of - living by selling goods and services as it provides consumers with access to a variety of products that enhance their quality of life. Hiring people and engaging in economic activity are part of the process but selling goods and services is more direct. Buying goods and services is what consumers do, not businesses. For question 5, risk is generally defined as the chance of a loss or harm occurring. It can include financial losses like insufficient revenue or losing money, and also non - financial harms, and business failure is a type of loss situation. So the broadest and most accurate definition among the options is the chance of a loss or harm occurring.

Answer:

  1. By selling goods and services
  2. The chance of a loss or harm occurring