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Which of the following is true about pure risk?

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

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Question ajoutée par MUHAMMED HARIS MI , Senior Audit Staff , Saud Bahwan Group LLC.
Date de publication: 2015/03/31
Mir Mujtaba Ali
par Mir Mujtaba Ali , Internal Audit Manager , Confidential

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

Anas  Dawah
par Anas Dawah , Senior Internal Auditor , Talal Abu-Ghazaleh Global (TAGI)

C.No opportunities are associated  with pure risk,only losses

Almutaz Bakry Sidahmed
par Almutaz Bakry Sidahmed , Internal Audit Manager , Banan real estate

Answer (D) both (a) & (C) are correct. ============

MUHAMMED HARIS MI
par MUHAMMED HARIS MI , Senior Audit Staff , Saud Bahwan Group LLC.

Option A&C are correct so answer will be Option no.D

Utilisateur supprimé
par Utilisateur supprimé

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

Nancy Refai
par Nancy Refai , Health, safety and environmental management Trainer and consultant , Freelancer

As explained before A &C Both correct

Khurram Shaukat Memon
par Khurram Shaukat Memon , Academic Research Writer , Freelance Academic Research Writer

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.

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