If someone has a high willingness to take on situations with risk,he is considered:
A) risk-averse.
B) risk-seeking.
C) low-risk.
D) high-compensation.

Question

Quizplus · Accepted Answer

Risk-seeking refers to individuals who have a high willingness to take on situations with risk. They are willing to take on potentially dangerous or financially risky situations in the hopes of achieving higher rewards. This is the opposite of risk-averse individuals who avoid taking on risks and prefer safer options. The options C and D are not relevant to the concept of risk-taking.

If Someone Has a High Willingness to Take on Situations