Exam (elaborations)
WEBCE Questions with 100% Correct Answers | Verified | Updated 2024
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Risk - answer-chance of loss Loss - answer-an unplanned reduction in economic value What risk is insurable? - answer-pure risk What are the two types of risk? - answer-pure risk and speculative risk Involves the possibility of a loss? - answer-pure risk Can result in either loss or gain? - ans...
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