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 

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

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.

answer; /// (b) i believe its that is paid to state and federal taxing authorities;

there was no passage listed but using the process of elimination i'd say it was d. the high economy would do the opposite. i don't see how low prices would affect it. high unemployment is possible but i feel d is the better answer.