With this activity, therefore, speculative risk exists because a person or organization could win or lose. This type of risk is voluntary in nature where the organization or person makes a decision to...

With this activity, therefore, speculative risk exists because a person or organization could win or lose. This type of risk is voluntary in nature where the organization or person makes a decision to place itself in a situation knowing that although the event may be “risky,” there is the possibility for some type of gain or loss.