QuestionJuly 30, 2025

Multiple Choice Which of the following can be defined as "the potential for loss"? A. O Hazard B. Peril C. Transference D. Risk

Multiple Choice Which of the following can be defined as "the potential for loss"? A. O Hazard B. Peril C. Transference D. Risk
Multiple Choice
Which of the following can be defined as "the potential for loss"?
A. O Hazard
B. Peril
C. Transference
D. Risk

Solution
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Answer

D. Risk Explanation 1. Identify the definition "The potential for loss" is commonly defined as risk in insurance and financial contexts.

Explanation

1. Identify the definition<br /> "The potential for loss" is commonly defined as risk in insurance and financial contexts.
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