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GAQM ISO-31000-CLA Exam - Topic 7 Question 25 Discussion

From the three actions Tom Brown is undertaking, which is categorised as a pure risk?
C) Going horse riding without wearing a riding helmet.
A) Buying 100 lottery tickets
B) Selling his house even though he receives less than he paid for it because he thinks prices will fall further.

GAQM ISO-31000-CLA Exam - Topic 7 Question 25 Discussion

Actual exam question for GAQM's ISO-31000-CLA exam
Question #: 25
Topic #: 7
[All ISO-31000-CLA Questions]

From the three actions Tom Brown is undertaking, which is categorised as a pure risk?

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Suggested Answer: C

According to1, page 9, pure risk is ''a situation where there are only two possible outcomes: loss or no loss''. Buying lottery tickets and selling a house are examples of speculative risk, where there is a possibility of gain or loss. Going horse riding without a helmet is an example of pure risk, where there is only a possibility of loss (injury) or no loss.


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Shaun
26 days ago
I see your point. C feels like a clear risk.
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Roosevelt
1 month ago
Exactly! C is about safety, not choice.
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Emerson
1 month ago
True, but B has some control. C is just dangerous.
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Shaun
1 month ago
But B seems risky too. Selling at a loss is tough.
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Roosevelt
2 months ago
Agreed, C is pure risk. No control over accidents.
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Emerson
2 months ago
I think it's C. Horse riding without a helmet is risky.
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Lenna
2 months ago
Buying 100 lottery tickets is just gambling, not pure risk!
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Vi
2 months ago
Wait, are we sure about C? Seems risky but not pure risk.
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Cecil
2 months ago
Totally agree with C! No helmet is just asking for trouble.
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Elouise
4 months ago
I think B is more of a pure risk situation.
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Pamela
4 months ago
C is definitely a pure risk.
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Afton
5 months ago
I recall that pure risk involves situations where there's no chance of gain, so that makes me lean towards C. But I need to double-check my notes on this!
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Stefan
5 months ago
I feel like going horse riding without a helmet is definitely risky, but is it considered pure risk? I might be mixing it up with liability issues.
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Tiara
5 months ago
I remember a practice question about risks, and I think buying lottery tickets is more speculative than pure risk. So, it must be B or C.
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Zita
5 months ago
I think pure risk is something that can only result in a loss, so maybe it's C? But I'm not entirely sure.
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