Understanding Business
Understanding Business
11th Edition
ISBN: 9780078023163
Author: William G Nickels, James McHugh, Susan McHugh
Publisher: McGraw-Hill Education
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Chapter C.2, Problem 2TP
Summary Introduction

To discuss: The difference between speculative risk and pure risk.

Introduction: Risk refers to the lower probability rate of success associated with a new start up in any field. It involves the risk of loss of time as well as money for the non profitable business.

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