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Risk Management & Insurance1 Mark Question:1) ___risk is defined as the relative variation of actual loss from expected loss.a) Subjective riskb) Pure lossc) Objective riskd) Expected risk2) ___ refers
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How to fill out 1 mark question

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A 1 mark question is a type of assessment question typically worth one point, designed to test basic knowledge or comprehension of a subject.
Individuals or entities participating in assessment activities or examinations that include 1 mark questions are required to file them.
To fill out a 1 mark question, read the question carefully, choose the correct answer, and provide any required explanations or justifications as specified.
The purpose of a 1 mark question is to assess a student's understanding of fundamental concepts in a quick and efficient manner.
Typically, the main response or answer to the question must be reported, sometimes along with supporting details or rationale depending on the context.
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