A pure risk is defined as a situation in which there is
A)only the possibility of loss or no loss.
B)only the possibility of profit.
C)a possibility of neither profit nor loss.
D)a possibility of either profit or loss.

Question

Quizplus · Accepted Answer

A pure risk is a situation in which there is only the possibility of loss or no loss, and no possibility of profit. This differs from speculative risk, which carries the possibility of both profit and loss.

A Pure Risk Is Defined as a Situation in Which