BUISENESS MANAGEMENT
RISK MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Risk category that occurs when there is a possible loss, but no change to gain from the risk
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Pure
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Speculative
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Controllable
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Uncontrollable
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Explanation:
Detailed explanation-1: -Pure risk refers to risks that are beyond human control and result in a loss or no loss with no possibility of financial gain.
Detailed explanation-2: -Speculative risk is a risk category, which results in an uncertain degree of gain or loss when undertaken.
Detailed explanation-3: -MeaningPure risk which involes onlySpeculative risk involes both the possibility the possibility of loss or no loss. of gain as well as possibility of loss. 2. Possibility of Occurence of this risk may result inOccurance of this risk may result in profit lossloss only and no gains.
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