….. is a condition in which there is a possibility of an adverse deviation from a desired outcome that is expected or hope for.

Related MCQs

• _______ means those risks which involve a situation where there is a possibility of gain.
• Pure risk situation are those where there is a possibility of………….
• Any risk involved a situation where there is a possibility of gain refers to ________
• …………. Refers to a situation where outcome is not certain
• Relative variation of actual loss from expected loss is called………
• Notification of Alteration in Risk is a condition _____________.
• ________ involved those losses that occur even if there were no changes in the economic environment.
• Speculative risk is a situation in which…………………… is possible
• Risk which can be measured using numerical scale are known as
• Which of the following is a method of risk identification.