Which of the Following Reflects the Extent to Which a Leader

question 118

Multiple Choice

Which of the following reflects the extent to which a leader is willing to gamble when making a decision?

• A) escalation of commitment
• B) overconfidence
• C) caution
• D) intuition
• E) risk propensity

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Definitions:

Plan Assets

Assets that are held by a retirement plan from which the benefits to the participants are to be paid.

Funded Status

A measure of the financial health of a pension plan, indicating the difference between plan assets and liabilities.

Actuarial Value

A measure of the average amount of benefit a health insurance plan is expected to pay, used to compare different health insurance policies.

Actuary

A professional who analyzes financial risk using mathematics, statistics, and financial theory, mostly in the insurance and pension plan industries.