Bill has decided to increase the size of his auto repair business, although he realizes that this decision brings added risk. This is an example of ________ risk.

Name: Bill has decided to increase the size of his auto repair business, although he realizes that this decision brings added risk. This is an example of ________ risk.
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Question

Quizplus · Accepted Answer

Speculative risk involves the potential for both loss and gain, as is the case with Bill's decision to expand his business, which could lead to increased profits or losses.

Bill Has Decided to Increase the Size of His Auto