Which of the following statements about the ‘What is Risk?’ section of the lecture material are TRUE:

There is risk whenever there is some uncertainty about outcomes.
A situation in which the value of an asset can either remain the same or decreases over a period of time can be described as ‘Pure Risk’.

Question

Which of the following statements about the ‘What is Risk?’ section of the lecture material are TRUE: 
 
 There is risk whenever there is some uncertainty about outcomes. 
 A situation in which the value of an asset can either remain the same or decreases over a period of time can be described as ‘Pure Risk’.

Answer

Neither of the statements are true (both are false)

Answer

Both statements are true (neither are false)

Answer

Only statement 1 is true

Answer

Only statement 2 is true

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Which of the following statements about the ‘What is Risk?’ section of the lectu...

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