________ is a term that refers to the chance of loss, the degree of probability of loss, and the amount of possible loss.
A) Speculation
B) Hazard
C) Insurability
D) Risk

Question

Quizplus · Accepted Answer

The term that refers to the chance of loss, the degree of probability of loss, and the amount of possible loss is risk. Speculation refers to the act of making risky investments in the hopes of making a profit. Hazard refers to a condition or situation that increases the chance of loss. Insurability refers to the ability of an individual or property to meet the requirements for insurance coverage.

________ Is a Term That Refers to the Chance of Loss