CISR Risk Management Practice Questions - CISR Elements Of Risk Management Exam

Which of the following best describes 'pure risk' as taught in the CISR Elements of Risk Management course?

A risk that involves the possibility of either loss or gain A risk that involves only the possibility of loss or no loss A risk that has been transferred entirely to an insurer A risk that has been retained on the balance sheet

Correct Answer:

A risk that involves only the possibility of loss or no loss

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