Joan Stone owns a home in Edmond,Oklahoma.She is worried her property might be damaged due to some unforeseen event.This worry about the uncertainty as to a loss is an example of a:

Question

Quizplus · Accepted Answer

Risk refers to the uncertainty regarding financial loss or the chance that an investment's actual return will differ from the expected return. Joan Stone's concern about potential damage to her property due to an unforeseen event exemplifies this uncertainty, making "risk" the correct term for her situation.

Joan Stone Owns a Home in Edmond,Oklahoma