E17 - Lesson 6 – Risk, Reward, Return and Responsibility
Q.1
Which of the following are not one of the four keys points that students are asked to take away from Lesson 6?
Risk and reward are related concepts. Generally the greater the risk assumed, the greater the reward that should be expected in return.
Our economic system rewards employees based on a number of factors including the amount of effort, skills, experience, burden of responsibility carried, as well as the willingness to innovate and take risks.
Those who succeed in our free market economy have a moral and ethical responsibility to others.
All of the above.
Q.2
What are the four “R’s” noted in Lesson 6?
Risk, relevance, recognitions and rewards.
Risk, reward, return and responsibility.
Relevance, rationality, risk and randomness.
Risk, risk, risk and more risk.
Q.3
As noted in Lesson 6, what is risk?
Risk is the principal factor that prevents entrepreneurs from succeeding.
Risk is something that can be mitigated with insurance.
Risk is the chance or uncertainty of something happening other than what one expects.
Risk is what bankers worry most about.
Q.4
Which of the following are examples of risk noted in Lesson 6?
Will consumers buy your product or idea?
How will competitors respond?
Can the seemingly endless list of government regulations be complied with?
All of the above.
Q.5
As noted in Lesson 6, what adjective describes those who take huge, unreasonable risks in pursuit of an insignificant or unimportant matter?
Experienced.
Foolish
Measured.
Inexperienced.