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      Question

      Any insurance risk resulting from a human decision is

      called?
      A Partial Risk Correct Answer Incorrect Answer
      B Static Risk Correct Answer Incorrect Answer
      C Dynamic Risk Correct Answer Incorrect Answer
      D Pure Risk Correct Answer Incorrect Answer
      E None of these Correct Answer Incorrect Answer

      Solution

      Integral part of a speculative decision where only three alternatives are possible: gain, loss, or breakeven. 2. Exposure to loss from changes in the environment, such as fashions, people's tastes, and regulatory requirements. Dynamic risks are not insurable.

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