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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