Author Question: Which of the following statements about chance of loss and risk is (are) true? I. If the chance of ... (Read 249 times)

Mimi · **on:** Jul 11, 2018

Which of the following statements about chance of loss and risk is (are) true? I. If the chance of loss is identical for two groups, the objective risk must be the same. II. Two individuals may perceive differently the risk inherent in a given activity.

A) I only
B) II only
C) both I and II
D) neither I nor II

Question 2

Which of the following is an example of a commercial risk?

A) the risk of insufficient retirement income
B) the loss of business income
C) the risk of premature death
D) the risk of being unemployed