Exam (elaborations)
LOMA 280 mod.1 ch.1 rated A+
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LOMA 280 mod.1 ch.1 rated A+ risk The chance or possibility of an unexpected result, either a gain or a loss. speculative risk Three possible outcomes - loss, gain, or no change. This risk cannot be insured. Example: stocks. pure risk No possibility of gain: Loss or no-loss occurs. Ex: possibilit...
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