Any risk involved a situation where there is a possibility of gain refers to ________
A)Liability risk.
B)Personal risk.
C)Pure risk.
D)Speculative risk.

Question

Quizplus · Accepted Answer

Speculative risks involve situations where there is a possibility of gain or loss, distinguishing them from pure risks, which only involve the possibility of loss. Examples of speculative risks include investments in the stock market or real estate, where the outcome could be profitable or result in a loss.

Any Risk Involved a Situation Where There Is a Possibility