The best description of a hazard is a/an:

The best description of a hazard is a/an:


A) Condition that may increase the chance that a loss may occur

B) cause of a loss

C) Pure risk

D) Uncertainty of a financial loss


Answer: A) Condition that may increase the chance that a loss may occur

Comments

Popular posts from this blog

Give the von Neumann-Morgenstern utility function.

Life income joint and survivor settlement option guarantees