________ Risk Involves the Threat of Loss with No Chance

question 82

Multiple Choice

________ risk involves the threat of loss with no chance for profit.

• A) Minimum
• B) Pure
• C) Speculative
• D) Managed

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Definitions:

Act of God

A legal term for natural events outside of human control, such as floods or earthquakes, which cannot be predicted or prevented.

Vandalism

The intentional and malicious destruction, damage, or defacement of property without the consent of the owner.

Community Property

A legal framework in some states dictating that property acquired during a marriage is owned jointly by both spouses.

Land Acquired

Refers to the purchase or obtaining ownership of land or property.