The worst loss that could ever happen to a firm is referred to as the
A)maximum possible loss.
B)probable maximum loss.
C)frequency of loss.
D)severity of loss.

Question

Quizplus · Accepted Answer

The worst loss that could ever happen to a firm is referred to as the "maximum possible loss." This term describes the absolute worst-case scenario in terms of financial loss that a firm could potentially face.

The Worst Loss That Could Ever Happen to a Firm