ENTREPRENEURSHIP AND THE GLOBAL ECONOMY
CULTURAL DIFFERENCES AND ENTREPRENEURSHIP
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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The type of risk that offers you the chance to gain as well as lose from the event or activity
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Pure Risk
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Speculative Risk
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Insurable Risk
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Uninsurable Risk
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Explanation:
Detailed explanation-1: -Speculative risk is a category of risk that, when undertaken, results in an uncertain degree of gain or loss.
Detailed explanation-2: -A speculative risk has three possible outcomes: (1) nothing, (2) a loss or (3) a gain. Accident and illness are pure risks. Examples of speculative risks are gambling and investing.
Detailed explanation-3: -Speculative risks involve the possibility of loss and gain. Pure risks involve the possibility of loss only.
There is 1 question to complete.