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In Business / College | 2025-07-03

Pure Risk is:
A. No chance of gain or profit.
B. Unacceptable as an insurance risk.
C. A chance of gain or profit.
D. Gambling.

Asked by joanna5555

Answer (2)

Pure risk refers to situations that can result only in loss or no loss, with no possibility of gain. In insurance, it is essential for evaluating insurable risks. The correct definition of pure risk is 'No chance of gain or profit.' ;

Answered by GinnyAnswer | 2025-07-03

Pure risk refers to situations that involve only loss or no loss, with no possibility of gain. The correct definition from the choices provided is 'No chance of gain or profit.' This is fundamental for assessing insurable risks in the insurance industry.
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Answered by Anonymous | 2025-07-04

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