BUISENESS MANAGEMENT
BUSINESS PLANNING
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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.... involve possibility of gain and are almost similar to wagering or gambling, and hence are not insurable ( Unit 33-KLO 2-4)
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Speculative risks
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Dynamic risks
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Particular risks
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Fundamental risks
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Explanation:
Detailed explanation-1: -A speculative risk has the potential to result in a gain or a loss.
Detailed explanation-2: -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. Again, do not equate gambling and investing on any other level than as both being a speculative risk.
Detailed explanation-3: -Pure risk refers to risks that are beyond human control and result in a loss or no loss with no possibility of financial gain.
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