0
What is the difference between avoiding a risk and accepting a risk?
Wiki User
∙ 10y ago
When you avoid taking a risk, you acknowledge that you could be putting yourself in jeopardy and choose not to where as taking a risk can give you the possibility a disastrous outcome or a good income which can be self beneficial.
Wiki User
∙ 10y ago
Add your answer:
Earn +20 pts
What is difference between constraint an risk?
A constraint is a limitation that is visible and present. The difference between a constraint and risk is that a risk is problem that is not yet seen, or a potential problem.
What is the difference between a calculated risk an unnecessary risk?
Well calculated risk may involve you to think out or estimate a risk your going to take , &. An unnecessary risk may involve you to just risk it all .
What is the difference between currency future and currency option?
The difference between a currency future and a currency option is the option is the amount paid is all that is at risk and with future you could lose a lot more.
What is the difference between has the risk or takes the risk?
one has the word has in and one has the word takes in Diversifiable risk is the risk which can be mitigated by investing in different companies, different sectors, different assets and also different regions. Here we trying to minimize the risk of huge loss by taking the whole risk against one or few companies/ sectors / assets / regions. Non-Diversifiable risk can not be mitigated at all. This is the risk you are exposed to in individual investment. Every investment holds Market risk, i.e. uncertainity of market moving up or down and respective movement of your investment .
What is the differences between dynamic risk and static risk?
Dynamic risk is subject to exposure of loss due to environmental changes such as change in inflation rate, technology, natural calamities, political upheaval. Static risk is subject to exposure of risk but not significantly affected by the business environment and remain constant such as fire, theft and misappropriation. Dynamic risk is not insurable whereas static risk is insurable.
Is risk management about controlling risk not avoiding risk?
Avoidance is the best means to control the risk.If your efforts at avoiding the loss are successful it means you will save your business from the loss.That's why avoidance is considered as the first step in risk management process.But there is a difference between avoiding risk and accepting risk.Avoiding risk means that you are not going to do anything with the risk.But in accepting the risk you are actually doing something as you have accepted its impacts.
What are the four common risk mitigation strategies?
Controlling, Avoiding, Transferring and AssumingAvoiding, Mitigating, Transferring, and Accepting
What is Difference between wholesaler and retailer on the basis risk?
what is Difference between wholesaler and retailer on the basis risk?
What is difference between constraint an risk?
A constraint is a limitation that is visible and present. The difference between a constraint and risk is that a risk is problem that is not yet seen, or a potential problem.
What is the difference between risk behavior and risk situation?
Risk behavior refers to actions or activities that increase the likelihood of potential harm or negative consequences. On the other hand, risk situation refers to circumstances or environments that expose individuals to potential danger or harm. Risk behavior involves individual choices and actions, while risk situation relates to external factors that may increase the likelihood of harm.
What are the difference between political risk and country risk?
they are the same
What is the difference between transaction risk and economic risk?
Transaction is bank risk
What is the difference between a risk and a benefit?
a risk is taking a chance and a benefit is benfiting from it
What is the difference in risk assumed between participating and non-participating policies?
What risk? Assumed by who?
What is the difference between mitigation and remediation?
Reduce the impact of risk is MitigationRemoval of risk is Remediation
The difference between formal and informal risk assessment?
explain the difference between formal and informal risk assessments
What is the difference between a 'policy' and a 'framework' specifcally in the context of risk management?
What is the difference between Education framework and plicy.
