EBK BUSINESS IN ACTION
9th Edition
ISBN: 9780135198117
Author: BOVEE
Publisher: PEARSON
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Question
Chapter B, Problem 1QR
Summary Introduction
To discuss: The difference among the speculative risk and pure risk.
Expert Solution & Answer
Explanation of Solution
Speculative risk denotes the exposures, which provides the prospect of gain or loss like spending fund either to invest in stock or to develop new products. On the other hand, pure risk is the risk of loss without the possibility of profit.
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