Multiple Choice
Which of the following best describes a pure risk?
A) An uncontrollable risk that cannot be insured
B) The outcome will either be a loss or no change
C) The outcome will be either a loss or a gain
D) A risk with three possible outcomes
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q6: If the chance of loss is high
Q7: Speculative risks refer to those events which
Q8: Which of the following is not an
Q9: When faced with a risk of loss
Q10: Examine the following list of "risks." Determine
Q12: A "pure risk" is defined as a
Q13: Risk diversification is based on the principle
Q14: Which of the following is not an
Q15: Which of the following is a true
Q16: The primary reason the insurance mechanism functions