Question: answer question 4,5,6,7,8,9,10 4. Research has shown that there is some relationship between risk tolerance and demographic characteristics. Choose the correct combination of demographic characteristics
4. Research has shown that there is some relationship between risk tolerance and demographic characteristics. Choose the correct combination of demographic characteristics below that influence the attitude towards risk A. wealth, age and family size B. family size, marital status and sex C. family size, age and population density D. wealth, age and occupation 5. A person feels that working for the government is secure and as such has no plans for a change in career. Such a person would probably be A. a risk averse person B. a risk indifferent person C. a thrill seeking person D. a risk seeking person 6. Ken Fatt reads an article in the newspapers about a customer's complaint of not having been paid by his insurer over his accident claim. He is now concerned about buying a life insurance policy. Ken Fatt is said to be under the influence of A. Rationality bias B. Availability bias C. Intimacy bias D. Evidence bias 7. Simon Lim bought a house for RMG00,000. Which of the following best describes the pure risk situation of Simon? A. The risk that his house may be burnt down in a fire accident B. The risk that the value of his house may drop in a downturn C. The risk of losing the money had he invested it elsewhere D. None of the above. 8. As a financial practitioner, which of the following best describe the term "risk" in the context of your profession? A. Uncertainty about financial losses from an exposure B. Certainty about financial losses from an exposure C. Exposure to investment risks D. Exposure to systemic risks 9. Fill in the blanks. In risk management, is the unpleasant oufcome of A. Loss, risk B. Risk; Loss C. Exposure; loss D. Loss; business ventures 10. There are two forms of loss. is a loss that has precipitated; is a loss that may happen. A. Occurred loss; loss exposure B. Loss exposure; happened loss C. Loss event; loss risk D. Expected loss; unexpected loss
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