Question: d. Risks that firms face can be categorized in many ways. Define the following types of risk: (1) Speculative risks (2) Pure risks (3) Demand

d. Risks that firms face can be categorized in many ways. Define the following types of risk:

(1) Speculative risks

(2) Pure risks

(3) Demand risks

(4) Input risks

(5) Financial risks

(6) Property risks

(7) Personnel risks

(8) Environmental risks

(9) Liability risks

(10) Insurable risks

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