Which of the following describes "Pure Risk"?

The concept of "Pure Risk" refers to situations where there is a chance of loss, but no opportunity for gain. This type of risk only results in negative outcomes, such as injury, theft, or natural disasters. Therefore, the correct answer accurately captures that pure risk is defined by its guarantee of a loss as the only possible outcome.

In contrast, the other options present scenarios involving risks that could lead to both profit and loss, which do not fit the definition of pure risk. Option A discusses risks that may result in both positive and negative results, which is characteristic of speculative risk rather than pure risk. Option C mentions financial strategies aimed at mitigating risk, implying that there is a chance for different outcomes, which is not applicable to pure risk. Lastly, option D describes a risk that is insurable and includes possible gains, which again deviates from the essence of pure risk since pure risk does not involve potential gains.