When deciding whether to take a risk, Janelle's decision should depend on what three factors?

Question

Quizplus · Accepted Answer

The three factors that should influence Janelle's decision when considering taking a risk are her level of risk aversion, the risk-reward ratio of the potential outcomes, and whether the stakes are high or low. Income, needs, and wants may play a role, but they are not the most important factors in evaluating risk. Similarly, the level of reward is only one aspect of the risk-reward ratio, which also includes the likelihood of different outcomes. Thus, the best choice is C.

When Deciding Whether to Take a Risk, Janelle's Decision Should