Pure risk, as stated in the textbook, is
A) a chance all entrepreneurs take.
B) a probability that adverse conditions will result.
C) a condition in which there is a possibility that an adverse deviation from a desired outcome will occur.
D) the uncertainty associated with a situation where only loss or no loss can occur.

Question

Quizplus · Accepted Answer

Pure risk refers to situations where there is no opportunity for gain, only the possibility of loss or no loss.

Pure Risk, as Stated in the Textbook, Is