GK
BUSINESS ECONOMICS
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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A cashier gives unauthorized discounts to friends.
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A special promotion fails to increase sales.
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A supplier’s shipment is lost in transit.
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A customer is injured at a business and sues the company.
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Detailed explanation-1: -Speculative Risk: Three possible outcomes exist in speculative risk: something good (gain), something bad (loss) or nothing (staying even). Gambling and investing in the stock market are two examples of speculative risks. Each offers a chance to make money, lose money or walk away even.
Detailed explanation-2: -Speculative risk is a category of risk that can be taken on voluntarily and will either result in a profit or loss. All speculative risks are undertaken as a result of a conscious choice.
Detailed explanation-3: -These risks are generally insurable. Speculative risk has a chance of loss, profit, or a possibility that nothing happens. Gambling and investments are the most typical examples of speculative risk.