what are the pure risk?
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Pure risk is a type of risk that cannot be controlled and has two outcomes: complete loss or no loss at all. There are no opportunities for gain or profit when pure risk is involved. Pure risk is generally prevalent in situations such as natural disasters, fires, or death.
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The one of the following which is true regarding requirements risks is: 2) Unstable, incomplete and changing requirement are a key risk item. The one of the following which is true regarding requirements risks is: 2) Unstable, incomplete and changing requirement are a key risk item.
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Particular risk is the possibility of loss which can arise from a situation related with any specific individual events: such as unemployment, robbery or theft. E.g. any losses arising out of robbery or theft will directly affect an individual.
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Inherent Risk is typically defined as the level of risk in place in order to achieve an entity's objectives and before actions are taken to alter the risk's impact or likelihood. Residual Risk is the remaining level of risk following the development and implementation of the entity's response.
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To an investor, specific risk is a hazard that applies only to a particular company, industry, or sector. It is the opposite of overall market risk or systematic risk. Specific risk is also referred to as unsystematic risk or diversifiable risk.
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['Operations Risk. These are the risks of ML/TF your internal business activities create. ... ', 'Environment Risk. ... ', 'Regulatory Risk. ... ', 'Risk Assessment. ... ', 'Risk Treatment. ... ', 'Risk Appetite.']
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Danger shows higher lever of certainty and indicates the threat: harm/destruction/death. Risk - the possibility that something bad, unpleasant, or dangerous may happen; Danger - the possibility that someone or something will be harmed, destroyed, or killed.
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['strategic risk - eg a competitor coming on to the market.', 'compliance and regulatory risk - eg introduction of new rules or legislation.', 'financial risk - eg interest rate rise on your business loan or a non-paying customer.', 'operational risk - eg the breakdown or theft of key equipment.']
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Some common industries that are considered high risk include: Accounting. Adult entertainment. Agriculture. Alcohol.
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A risk is a potential occurrence (positive or negative). An opportunity is a possible action that can be taken. Opportunity requires that one take action; risk is something that action can be taken to make more or less likely to occur but is ultimately outside of your direct control.
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['Exchange Rate Risk.', 'Interest Rate Risk.', 'Credit Risk.', 'Country Risk.', 'Liquidity Risk.', 'Marginal or Leverage Risk.', 'Transactional Risk.', 'Risk of Ruin.']
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['Avoidance. If a risk presents an unwanted negative consequence, you may be able to completely avoid those consequences. ... ', 'Acceptance. ... ', 'Reduction or control. ... ', 'Transference. ... ', 'Summary of Risk Mitigation Strategies.']
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['Credit Risk. ... ', 'Intellectual Property Risk. ... ', 'Foreign Exchange Risk. ... ', 'Ethics Risks. ... ', 'Shipping Risks. ... ', 'Country and Political Risks.']
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Tangible risks can be easily quantified, meaning the benefits and costs can be expressed in dollar terms. Intangible risks are difficult to define in concrete and dollar terms and require a greater degree of subjectivity and intuition.
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Risk is when the probabilities of the possible outcomes are known (such as when tossing a coin or throwing a dice); uncertainty is where the randomness of outcomes cannot be expressed in terms of specific probabilities.
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['Financial Risk. The risk of financial losses such as credit risk, refinancing risk, revenue risk and exchange rate risk.', 'Economic Risk. Risks related to the economy such as the risk of recession, inflation or deflation.', 'Operations Risk. ... ', 'Compliance Risk. ... ', 'Legal Risk. ... ', 'Regulatory Risk. ... ', 'Competitive Risk. ... ', 'Brand Risk.']
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A hazard is something that might cause harm. A risk is a combination of the chance that the hazard will cause harm, and if it does, how bad that harm will be.