Risk Appetite can be defined as:

Select one:

a. a way to convince the project team not to take any risks to get the project completed.

b. a methodology to manage and document project risks.

c. a way to eliminate the need to analyze risks.

d. the degree of uncertainty an organization is willing to take in anticipation of a reward.

In terms of risk attitude types, a risk taker generally views risks as dangerous choices to be avoided.

Select one:

True

False

Four types of risk attitude are:

Select one:

a. risk averse, risk neutral, risk taker, risk tolerant

b. risk analyzing, risk neutral, risk taker, risk tolerant

c. risk accelerating, risk negative, risk taker, risk tolerant

d. risk anonomyzing, risk neutral, risk taker, risk tolerant

Given the mathematical unlikelihood of success, from a rational standpoint, the casino industry as well as public lotteries should not exist.

Select one:

True

False

Generally speaking, a person with a risk tolerant attitude...

a. will usually not punish themselves or will not reward themselves after seeing the outcome of a decision

b. don't like to take risks of any kind

c. spend a lot of effort calculating odds and analyzing probabilities

d. none of the above