The pure risks that any business faces can be categorized as
A) property, liability, and physical.
B) property, liability, and personnel.
C) market, property, and personnel.
D) property, liability, and market.

Question

Quizplus · Accepted Answer

Pure risks in business are those that involve potential losses and do not offer any chance of gain. They can be categorized into property risks (damage or loss of physical assets), liability risks (legal responsibility for injury or damage), and personnel risks (risks involving employees, such as illness or injury). Market risks, on the other hand, are considered speculative risks because they offer the potential for gain as well as loss.

The Pure Risks That Any Business Faces Can Be Categorized