A Pure Risk Is Defined as a Situation in Which

question 44

Multiple Choice

A pure risk is defined as a situation in which there is

• A)only the possibility of loss or no loss.
• B)only the possibility of profit.
• C)a possibility of neither profit nor loss.
• D)a possibility of either profit or loss.

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Definitions:

Virginia Colonists

Early European settlers in the Colony of Virginia, who established Jamestown in 1607 as the first permanent English settlement in what would become the United States.

Large Land Grants

Significant parcels of land awarded by governments or monarchs to individuals, institutions, or companies, often to promote settlement, agriculture, or development.

Carolina

Originally a British colony in North America, divided into North Carolina and South Carolina in 1712.

Barbadians

People from Barbados, an island country in the Caribbean region, known for its rich history, culture, and significant contribution to the transatlantic slave trade.