Final answer:
The correct option to complete the statement 'Exposure to loss (risk of loss):' is hazard.
Step-by-step explanation:
The correct option to complete the statement 'Exposure to loss (risk of loss):' is c) Hazard.
Hazard refers to a situation or condition that poses a threat to one's wellbeing or property. It can be seen as a potential source of harm or danger. In the context of the question, exposure to loss can be understood as being in a hazardous situation, where there is a risk of experiencing harm or damage.