adopt measures to minimise risks.
1. What are the inherent business risks which Ms Raman has in mind ?
ms. The risks for every business are of two types :
(i) Pure risks and (ii) Speculative risks.
2. How can than
Answers
Answered by
1
Explanation:
Pure risks are risks that have no possibility of a positive outcome—something bad will happen or nothing at all will occur. The most common examples are key property damage risks, such as floods, fires, earthquakes, and hurricanes. Litigation is the most common example of pure risk in liability.
What Is Speculative Risk? Speculative risk is a category of risk that, when undertaken, results in an uncertain degree of gain or loss. All speculative risks are made as conscious choices and are not just a result of uncontrollable circumstances.
Similar questions