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:

Personality Characteristics

Enduring patterns of thoughts, feelings, and behaviors that distinguish individuals from one another.

Predictable Ways

Methods or patterns that can be anticipated or expected based on past behavior or known principles.

Social Anxiety

A chronic mental health condition characterized by an intense fear or apprehension of being judged, negatively evaluated, or rejected in a social or performance situation.

Personality Disorder

An enduring, rigid pattern of inner experience and outward behavior that repeatedly impairs a person’s sense of self, emotional experiences, goals, capacity for empathy, and/or capacity for intimacy.