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A.The risk can be deflected or transferred to another party through a contract or insurance policy
B.Pure risks involve the chance of both a profit and a loss
C.No opportunities are associated with pure risk,only losses
D.a &c
E.a&b
A & C
The risk can be deflected or transferred to another party through a contract or insurance policy
No opportunities are associated with pure risk,only losses
C.No opportunities are associated with pure risk,only losses
Answer (D) both (a) & (C) are correct. ============
Option A&C are correct so answer will be Option no.D
A category of risk in which loss is the only possible outcome; there is no beneficial result. Pure risk is related to events that are beyond the risk-taker's control and, therefore, a person cannot consciously take on pure risk. This is the opposite of speculative risk.
C.No opportunities are associated with pure risk,only losses
Pure risk is the one which effects you and you only. It can neither be transferred, nor ended altogether. So option (b) is right answer.
