Which of the following statement concerning risk from the perspective of a financial planner is TRUE?

Select one: a. A risk that is not viewed from a reality perspective is actually objective risk. b. Uncertainty is a psychological reaction to the lack of knowledge about the future where the probabilities are established. c. The decision to invest in a risky investment needs to take into account the probability of success versus failure. d. When an investment gives less than the anticipated return or sustains a loss of the principal, a pure risk situation is experienced.