RISK-TAKING SKILLS

Characteristic of risk is

• Subjective

• Deliberate

• Non deliberate

• Unquantifiable

All above types of risks except

• Market risk

• Accidents

• High risk

• Speculative risk

Successful entrepreneur does not entertain negativism and skepticism.

• True

• False

Successful entrepreneur will see the opportunity offered by a _______ risk, and know when to take that risk.

• small

• potential

• possible

Which is is not the objective of risk taking?

• To know the concept of risk

• To know why entrepreneur take risk

• To know what to do in entrepreneur

• To differentiate risk and uncertainty

Risk avoiding

Activity seeking

Which level personal financial risk are them?

• Low-Low

• Low-High

• High-Low

• High-High

Which of these is not a source of risk?

• Political Risk

• Environmental Risk

• Technology Risk

• Functional Risk

What are the four possible options when responding to risk?

• Avoid, Transfer, Mitigate, Accept

• Accept, Mitigate, Evade, Transfer

• Evade, Receive, Transfer, Avoid

• Mitigate, Avoid, Evade, Transfer

Which situation shows the courageous nature of an entrepreneur to take risks?

• Able to produce something new

• Capable of modifying existing products

• Take steps to start a business that is not yet sure of success

• Have a passion for working as a team to achieve goals

Which of the following is a low risk individual?

• Business

• Entrepreneurs

• Manager