Asked by joban preet Thind on Jul 12, 2024
Verified
Risk-averse persons will take no risks.
Risk-averse
Describes individuals or entities that prefer to avoid risk and would rather choose a certain outcome over a gamble with a potentially higher, but uncertain, return.
- Recognize the characteristics and implications of being risk-averse.
Verified Answer
MB
Maddie BlairJul 17, 2024
Final Answer :
False
Explanation :
Risk-averse persons prefer to minimize risks rather than eliminate them entirely, and they may still take risks if the potential rewards justify the risks.
Learning Objectives
- Recognize the characteristics and implications of being risk-averse.