Which one of the following is NOT a category of pure risk?
1 Liability risk
2 Technology risk
3 Personnel risk
4 Property risk
Answers
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9
Answer:
Technology risk.
Explanation:
Pure risks can be divided into three different categories: personal risk, property risk, and liability risk.
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Technology risk is not a category of pure risk.
- A pure risk is a group of risks that is uncontrolled and usually has two consequences: 1) No loss (profit) 2) Complete loss
- Pure risk doesn't provide any opportunity to gain profits and is frequent in case of natural disasters.
- It is generally classified as personal, property and liability risks.
- Technology risk on the other hand is the failure of technology that can leak information.
- However, this risk can be controlled by managing and keeping the system up to date.
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