________ risk involves a chance of either profit or loss.
A) Insurable
B) Managed
C) Speculative
D) Pure

Question

Quizplus · Accepted Answer

Speculative risk involves a chance of either profit or loss. In contrast, pure risk involves only the possibility of loss, insurable risk is a type of pure risk that can be transferred to an insurance company, and managed risk is a proactive approach to reducing or mitigating the impact of potential risks.

________ Risk Involves a Chance of Either Profit or Loss