QQuestionBusiness Law
QuestionBusiness Law
All of the following are examples of pure risk EXCEPT:
A. Losing money at a casino
B. Injured while playing football
C. Falling at a casino and breaking a hip
D. Jewelry stolen during a home robbery
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Answer
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Step 1Let's solve this problem step by step:
Step 2: Understand the definition of pure risk
Pure risk is a situation that involves only the possibility of loss or no loss, with no potential for gain. It is characterized by: - Only two possible outcomes - No opportunity for profit - Typically involves potential for loss or no loss
Final Answer
Losing money at a casino is the EXCEPTION to pure risk because it involves the potential for both loss and gain, making it a speculative risk rather than a pure risk.
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