Question

RISK MATCH-UP Directions: Match the term with the associated phrase. Write the letter of your response in the space provided. A. Operational risk B. Pure risk C. Avoiding (risk) D. Obsolescence E. Transferring (risk) F. Speculative risk G. Financial risk H. Strategic risk I. Retaining (risk) J. Competition K. Hazard risk L. Preventing/controlling (risk) ____ 1. Tornadoes, earthquakes,

Answer 1

Answer:

preventing/controlling(risk)

Answer 2

Answer:

pure risk ( B )

Explanation:

Tornadoes and earthquakes are pure risks because pure risks are threats or hazards that are beyond human control i.e human being cannot control when they happen how they happen and to what extent they happen. they can also be called absolute risks.

there is only one outcome of such risks and that outcome is loss of properties and in some cases loss of live as well.but in some cases no loss is recorded if the level of the disaster is mild . All natural disasters fall under these categories because they cant be controlled by man and another kind of disaster that fall into this category is Fire outbreak