______is a prediction concerning potential loss based on known and unknown factors.

A) Risk management
B) Insurance
C) Underwriting
D) Risk

Potential Loss

A hypothetical amount of money that a business or individual could lose in the future due to risks.

Risk

The potential for losing something of value or for an undesirable outcome, often assessed in decisions involving finance, safety, and health.

Known Factors

Elements or conditions that are clearly understood or recognized in a given context or analysis.