Objective risk is statistical and measurable. Select one: True False Objective probability refers to the long-run relative frequency of an event. Select one: True False The word hazard refers to the cause of a loss. Select one: True O False A morale hazard is the carelessness or the indifference to a loss. Select one: True False Legal hazard refers to the characteristics of the legal system that increases the frequency or the severity of a loss. Select one: True False Pure risk is defined as the situation where either profit or loss is possible Select one: True False A chance of a loss can be defined as the probability that an event will occur. Select one: True False