What form of risk involves definite outcomes of loss or no loss?

Pure risk is characterized by situations that present only the possibility of loss or no loss, without the chance for profit. This means that individuals or businesses are exposed to potential negative outcomes, such as property damage, personal injury, or liability, but not to the possibility of gaining from the risk itself.

In contrast, speculative risk entails scenarios where there is potential for loss, but also the opportunity for gain—such as investments in the stock market or starting a new business. Controlled risk refers to risks that can be managed or mitigated through various strategies, such as insurance or safety measures. Dynamic risk involves an element of changing conditions, where the factors influencing the risk can fluctuate over time.

Thus, pure risk is the only form among the options provided that specifically involves only the potential for loss or the absence of loss, thereby solidifying its definition in the context of risk management.