QUESTION 1W0 l TRUE False l 1- A hazard is anything that is likely to cause a loss , such as a re , a wind storm or an earthquake 2- Fundamental risks are usually considered to be an individual's own responsibility and are most appropriately dealt with through loss prevention measures 3-speculative risks are usually accepted voluntary because of their two-dimensional nature 4- Although virtually all speculative risks can be avoided, it is impossible to avoid all pure risks 5- The term "Pure risk " describes a situation in which tgere is no chance of gain , but the possibility of loss or no loss only 6- The term "Pure risk "refers to those situations in which loss is certain, such for example depreciation