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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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Elouise
22 days ago
I think B is more of a pure risk situation.
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Pamela
27 days ago
C is definitely a pure risk.
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Afton
2 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
2 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
2 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
2 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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