Risk is:
A) when the costs or benefits of an event or choice are uncertain.
B) why the changing value of money is such a challenge.
C) to always be avoided, at any cost.
D) None of these statements is true.

Question

Quizplus · Accepted Answer

Risk is defined as the degree of uncertainty or potential harm associated with a particular event or choice. Therefore, option A correctly defines the concept of risk as uncertainty regarding the costs or benefits of a decision or event. Option B is incorrect as it refers to the challenge of inflation rather than risk. Option C is incorrect as risk cannot always be avoided, and sometimes it is necessary to take risks to achieve certain goals. Option D is incorrect as option A is true.

Risk Is