Chance vs Risk Flashcards

Front

Winning a lucky draw

Back

Chance: Could bring gain, not loss

Front

Losing money in an investment

Back

Risk: Possible loss of capital

Front

Getting selected for a scholarship

Back

Chance: Positive outcome

Front

Being involved in a car crash

Back

Risk: Negative consequence

Front

Rain falling during a picnic

Back

Risk: Causes loss of enjoyment and cost

Front

Passing an exam

Back

Chance: Positive event, not loss

Front

Investing in a volatile stock

Back

Risk: Potential for significant loss

Front

Winning a sports competition

Back

Chance: Opportunity for recognition and reward

Front

Missing a flight due to traffic

Back

Risk: Loss of time and money