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Worksheets11.1 Identifying Risk
Total questions: 10
Worksheet time: 20mins
Name
Class
Date
1.
While planning for your summer vacation, you decide not to go four-wheeling because it is dangerous.
a)
Risk Avoidance
b)
Risk Reduction
c)
Risk Retention
d)
Risk Transfer
2.
Your friend rides a four wheeler and says he does not worry about the risk even though he knows it is dangerous.
a)
Risk Avoidance
b)
Risk Reduction
c)
Risk Retention
d)
Risk Transfer
3.
Your summer vacation plans include water skiing at the lake, and you take both skiing and swimming lessons to learn more about safety.
a)
Risk Avoidance
b)
Risk Reduction
c)
Risk Retention
d)
Risk Transfer
4.
Your parents keep you on their health insurance even after you are in college in case you get hurt.
a)
Risk Avoidance
b)
Risk Reduction
c)
Risk Retention
d)
Risk Transfer
5.
The principle of risk is based on the premise of
a)
known loss.
b)
certainty.
c)
uncertainty.
d)
irresponsibility.
6.
Which of the following statements is true about risk?
a)
Risk is part of our daily lives.
b)
Risk is only caused by outside forces on our lives.
c)
If we buy enough insurance, we can eliminate risk in our lives.
d)
Because we live in Oklahoma, we know a tornado will hit our town.
7.
The deductible on your insurance policy represents
a)
deferred risk.
b)
avoided risk.
c)
retained risk.
d)
transferred risk.
8.
You are riding in a friend’s car. The light turns yellow as he approaches the intersection. Instead of slowing down to stop, your friend speeds up to get through the light before it turns red. Your friend’s behavior is an example of
a)
excellent driving practices.
b)
acceptable driving practices.
c)
risky driving practices.
d)
unrealistic expectations.
9.
Your dad installed smoke detectors in your house and changes the battery twice a year to keep them in working order. Your dad is ___ risk.
a)
avoiding
b)
accepting
c)
reducing
d)
transferring
10.
Suppose you have always dreamed of owning your own business. However, you do not follow through on those dreams because you are afraid you will lose money and the business will fail. Your behavior is an example of ___ risk.
a)
avoiding
b)
accepting
c)
reducing
d)
transferring
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