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In Business / College | 2025-07-04

Gambling is considered to be a
A. dynamic risk.
B. personal risk.
C. pure risk.

Asked by 1jacobk

Answer (2)

Gambling is classified as a dynamic risk because it involves unpredictable outcomes which can lead to both gains and losses. This differentiates it from pure risks that involve only potential losses. Additionally, it can also pose personal risks affecting individuals' finances and well-being.
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Answered by Anonymous | 2025-07-04

Gambling is classified as a dynamic risk due to its unpredictable outcomes involving both potential gains and losses. It differs from pure risk , which only encompasses loss without the possibility of gain. Additionally, gambling can have significant personal risks related to finances and health. ;

Answered by GinnyAnswer | 2025-07-04

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