Knowee
Questions
Features
Study Tools

What is risk-taking?a.A greater willingness to avoid uncertain decisions.b.A greater ability to manage resources for taking risks.c.A greater ability to take calculated risks.d.A greater willingness to pursue certain conditions.

Question

What is risk-taking?a.A greater willingness to avoid uncertain decisions.b.A greater ability to manage resources for taking risks.c.A greater ability to take calculated risks.d.A greater willingness to pursue certain conditions.

🧐 Not the exact question you are looking for?Go ask a question

Solution

The answer is c. A greater ability to take calculated risks.

Step 1: Understand the question - The question is asking for the definition of risk-taking.

Step 2: Understand the options -

a. A greater willingness to avoid uncertain decisions suggests a risk-averse attitude, which is the opposite of risk-taking.

b. A greater ability to manage resources for taking risks is related to risk management, but it doesn't define risk-taking.

c. A greater ability to take calculated risks captures the essence of risk-taking, which involves making decisions that have uncertain outcomes.

d. A greater willingness to pursue certain conditions doesn't necessarily relate to risk-taking, as it doesn't mention anything about uncertainty or potential loss.

Step 3: Match the definition to the term -

Among the given options, a greater ability to take calculated risks best defines risk-taking. Risk-taking involves making decisions that carry a certain level of risk, or potential for loss, but also the potential for a significant reward.

Therefore, risk-taking is a greater ability to take calculated risks.

This problem has been solved

Similar Questions

Risk perception is an individual’s willingness to accept a certain amount of risk.Select one:TrueFalse

Elaborate the concept of "Decision making under Risk" from Managerial perspective

Risk-taking has been shown to be affected at a BAL of __________.0.100.080.120.05

What does risk control involve?Avoiding the riskEliminating the risk as far as is reasonable practicableAccepting the riskNone of the above

Which of the following best describes risk in decision making?Question 33Answera.It involves unknown probabilities for possible outcomes.b.It involves known probabilities for possible outcomes.c.It is easily quantifiable and predictable.d.It is characterized by unpredictable outcomes.

1/3

Upgrade your grade with Knowee

Get personalized homework help. Review tough concepts in more detail, or go deeper into your topic by exploring other relevant questions.