The term "Pure risk" describes a situation in which there is no chance of gain, but the possibility of loss or no loss

Question

Question: The term "Pure risk" describes a situation in which there is no chance of gain, but the possibility of loss or no loss only

Options:

1.  True
2.  False

Answer 1

1. True

The term "Pure risk" describes a situation in which there is no chance of gain, but the possibility of loss or no loss only.