Objective risk is defined as
A)the probability of loss.
B)the relative variation of actual loss from expected loss.
C)uncertainty based on a person's mental condition or state of mind.
D)the cause of loss.

Question

Quizplus · Accepted Answer

Objective risk is the relative variation of actual loss from expected loss. It is not just the probability of loss, cause of loss or based on a person's mental condition or state of mind.

Objective Risk Is Defined as