Jim and Paula Franklin Started a Dry Cleaning Business

question 56

Multiple Choice

Jim and Paula Franklin started a dry cleaning business.The business may be successful or it may fail.The type of risk that is present when either a profit or loss could occur is called

• A)pure risk.
• B)subjective risk.
• C)nondiversifiable risk.
• D)speculative risk.

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Definitions:

Perceive Distinctions

The process of recognizing or identifying differences or variations between things or concepts.

Category

A class or division of people or things regarded as having particular shared characteristics.

Stereotype

A common and simplistic representation or belief about a specific kind of person or object that is firmly maintained.

Perceptions

The way in which something is regarded, understood, or interpreted by individuals based on their own feelings, thoughts, or awareness.