Brad 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.
A) speculative
B) pure
C) insurable
D) managed

Name: Brad 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. A) speculative B) pure C) insurable D) managed
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Question

Quizplus · Accepted Answer

Speculative risk involves the potential of earning a profit or incurring a loss.

Brad Has Decided to Increase the Size of His Auto