A "pure risk" is defined as a situation where there is the possibility:
A) of loss or no change
B) of profit or no change
C) of profit or loss
D) that actual losses will deviate from expected losses

Question

Quizplus · Accepted Answer

A "pure risk" is a situation that presents the possibility of loss or no change. There is no possibility of profit. This type of risk can be mitigated through insurance or risk management strategies.

A "Pure Risk" Is Defined as a Situation Where There