In enterprise risk management, what distinguishes a 'pure risk' from a 'speculative risk'?
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A
Pure risks involve only the possibility of loss, while speculative risks involve both possible loss and gain
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B
Pure risks are insurable while speculative risks have no financial impact
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C
Pure risks arise from internal operations while speculative risks are externally driven
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D
Speculative risks are identified through qualitative methods and pure risks through quantitative methods