Question: For the three major pure risks that can affect your economic security (personal, property, liability) give an example that you face. What is a speculative

  1. For the three major pure risks that can affect your economic security (personal, property, liability) give an example that you face.
  2. What is a speculative risk? Give an example of one that you encounter.
  3. What is a liability risk? Give an example on one that a restaurant might face.
  4. Explain and give an example of each of the four major types of hazards.

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