When Someone Is Considered Risk-Averse,it Means They

question 63

Multiple Choice

When someone is considered risk-averse,it means they:

• A)generally have a low willingness to take on risk.
• B)generally have a high willingness to take on risk.
• C)will only participate in low-risk activities.
• D)will never accept risk in any situation.

---

Definitions:

Equipment Budget

An estimation of the cost for acquiring machinery and equipment required for the execution of a project or operation.

Formal Risk Assessment

The systematic examination of potential risks impacting a project or organization, including the identification, analysis, and evaluation of such risks.

Possibility

The potential for something to happen or exist in the future, often evaluated in risk assessment and project planning.

Identifying Risk

The process of finding, recognizing, and describing risks that could affect the outcome of a project or business operation.