Final answer:
Pure risks to the owner of Yummy Food Corporation involve unforeseeable events that can only cause loss, like natural disasters, theft, and spoilage. These risks are intrinsic to the business of selling frozen vegetables. Genetically modified foods are generally safe, while a balance is important when considering processed foods' health impacts.
Step-by-step explanation:
Pure risks to the owner of Yummy Food Corporation, which sells frozen vegetables to major supermarkets, are risks that include events such as natural disasters, theft, or spoilage. These risks are termed 'pure' because they present a possibility of loss without any potential for gain, unlike speculative risks, which can result in either loss or gain. For example, a flood or fire could damage inventory, a supply chain disruption could lead to shortages and loss of business, and a product recall due to contamination could result in significant costs and damage to the company's reputation.
Additionally, the question touches on the safety of genetically modified foods (GMOs), which is debated. While there is scientific consensus that GMOs are safe to eat and do not pose more risk to human health than conventional food, concerns about potential unknown harmful effects remain for some people. The issue of food processing is also relevant; although processing can have benefits like longer shelf life and convenience, overreliance on heavily processed foods can negatively impact health. Minimally processed foods, like the frozen vegetables sold by Yummy Food Corporation, are typically healthier than heavily processed foods.