The risk associated with the chance of a warehouse fire is a(n) ________ risk.

Question

Quizplus · Accepted Answer

The risk of a warehouse fire is classified as a pure risk, which refers to a situation where there is a chance of a loss, but there is no possibility of gain or profit. It is a type of risk that organizations try to manage or mitigate through insurance plans or other risk management strategies. The other options (such as "act of God" or market risks) do not accurately describe the type of risk associated with a warehouse fire.

The Risk Associated with the Chance of a Warehouse Fire