_____ Is the Tendency to Choose Options That Entail Fewer

question 54

Multiple Choice

_____ is the tendency to choose options that entail fewer risks and less uncertainty.

• A)Risk monitoring
• B)Risk aversion
• C)Risk rationalization
• D)Risk optimization

---

Definitions:

Canadian Accounting Standards

The set of accounting principles that guide financial reporting and practices in Canada, ensuring consistency and transparency across financial statements.

Publicly Accountable Enterprises

Organizations that have a duty to report financial information to the public, often because their debt or equity instruments are traded in a public market.

IFRS

International Financial Reporting Standards; a set of global accounting standards designed to ensure consistency and transparency in financial reporting.

Code-Law Countries

Nations that base their legal systems on a comprehensive, written set of laws, as opposed to case law or common law systems.