A Person Who Is Risk-Averse

question 158

Multiple Choice

A person who is risk-averse:

• A) is more sensitive to a loss than to a gain of an equal dollar amount.
• B) is less sensitive to a loss than to a gain of an equal dollar amount.
• C) is willing to pay any price to avoid risk.
• D) enjoys taking risks, especially in financial markets.

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Definitions:

Grapevines

Informal and unofficial channels of communication within an organization, often spreading rumors or unverified information.

Incorrect Information

False or inaccurate data or details that can lead to misunderstandings or erroneous outcomes.

Major Barrier

A significant obstacle or hindrance that prevents or impedes progress toward achieving a goal or objective.

Openness

A personality trait characterized by a willingness to experience new ideas, imaginative thought, curiosity, and a broad range of interests.