Dense fog is the cause of loss that could increase the severity of an automobile accident

Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
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  1. Dense fog is the cause of loss that could increase the severity of an automobile accident. 
  2. The possibility of a business entity’s computer system being hacked and disrupting its daily business activities is an example of enterprise risk. 
  3. In the same situation, an individual with high subjective risk often has higher risk perception, so he will estimate a bigger chance of loss relative to an individual with low subjective risk. 
  4. Objective risk refers to the severity aspect of loss meanwhile subjective risk refers to the frequency aspect of loss
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