Risky Business Introduction Quiz

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| By Pkennedy

Pkennedy

Community Contributor

Quizzes Created: 2 | Total Attempts: 343

Questions: 10 | Attempts: 184 | Updated: Mar 22, 2023

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To succeed in the business sector, you need to know about risk-taking and the factors that affect your move. When it comes to a business, one can either be a risk taker, risk neutral, or risk averse. This quiz is designed to see your previous knowledge about risk-taking behavior. Please give your scores to your LA when you have finished.

Questions and Answers

1.

What is the probability of you throwing a 6 on a standard dice?
- A.
  
  1/6
- B.
  
  5/6
- C.
  
  2/6
- D.
  
  1/1
Correct Answer
A. 1/6

Explanation
The probability of throwing a 6 on a standard dice is 1/6 because there are 6 possible outcomes (numbers 1 to 6) and only one of them is a 6. Therefore, the chance of getting a 6 is 1 out of the 6 possible outcomes, which simplifies to 1/6.

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2.

What is the probability of you picking a red ball from a bag that contains 6 bue balls, 5 yellow ball, 7 white balls and 3 red balls?
- A.
  
  3/21
- B.
  
  1/7
- C.
  
  3/7 3/7
- D.
  
  5/20
Correct Answer
B. 1/7

Explanation
The probability of picking a red ball from the bag can be calculated by dividing the number of red balls by the total number of balls in the bag. In this case, there are 3 red balls out of a total of 21 balls (6 blue + 5 yellow + 7 white + 3 red). Therefore, the probability of picking a red ball is 3/21, which can be simplified to 1/7.

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3.

What is the chance of you getting a head when you throw a coin?
- A.
  
  1
- B.
  
  1/2
- C.
  
  2/2
- D.
  
  2
Correct Answer
B. 1/2

Explanation
The chance of getting a head when throwing a coin is 1/2 because there are two possible outcomes - either a head or a tail. Since the coin has no bias or preference towards either outcome, the probability of getting a head is equal to the probability of getting a tail, which is 1/2.

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4.

Crossing a busy road not using a crossing is
- A.
  
  High Risk
- B.
  
  Medium Risk
- C.
  
  Low Risk
Correct Answer
A. High Risk

Explanation
Crossing a busy road not using a crossing is considered high risk because it involves potential dangers and hazards. Vehicles on a busy road are moving at high speeds, making it difficult for pedestrians to judge the distance and speed of approaching vehicles. Crossing without using a designated crossing increases the likelihood of accidents and increases the risk of being hit by a vehicle. Therefore, it is important to use designated crossings to ensure safety while crossing busy roads.

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5.

Cycling on the road at night without lights on your bike is
- A.
  
  High Risk
- B.
  
  Medium Risk
- C.
  
  Low risk
Correct Answer
A. High Risk

Explanation
Cycling on the road at night without lights on your bike is high risk because it significantly reduces your visibility to other road users. Without lights, drivers may not be able to see you in time to react, increasing the chances of accidents. Additionally, without lights, you may not be able to see obstacles or hazards on the road, further increasing the risk of collisions or falls. It is important to have proper lighting on your bike when cycling at night to ensure your safety and the safety of others.

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6.

Joining a new team is
- A.
  
  High Risk
- B.
  
  Medium Risk
- C.
  
  Low Risk
Correct Answer
C. Low Risk

Explanation
Joining a new team is considered to be low risk because it typically involves starting fresh and building new relationships and dynamics. There are usually no preexisting conflicts or challenges to navigate. Additionally, joining a new team offers the opportunity for growth and learning as individuals can bring their unique skills and perspectives to contribute to the team's success. However, it is important to note that the level of risk may vary depending on the specific circumstances and the individual's ability to adapt and integrate into the team.

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7.

What do you call the voice in your head that helps you to make the right decision?
- A.
  
  Good angel and bad angel
- B.
  
  Conscience
- C.
  
  Your brain
Correct Answer
B. Conscience

Explanation
The voice in your head that helps you make the right decision is called your conscience. It is a moral compass that guides you to distinguish between right and wrong. Your conscience is an inner voice that represents your values, beliefs, and principles, helping you to make ethical choices and act in accordance with your sense of right and wrong. It serves as a guide to ensure you make decisions that align with your personal integrity and morality.

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8.

Which of the following is an example of a certain event
- A.
  
  That it will rain tomorrow
- B.
  
  That you will come to school tomorrow
- C.
  
  Tomorrow will be Tuesday
- D.
  
  Your MFL teacher will set you home learning
Correct Answer
C. Tomorrow will be Tuesday

Explanation
The given answer, "tomorrow will be Tuesday," is an example of a certain event because it refers to a specific day in the future. It is a statement about a future occurrence that can be confirmed or disproven once tomorrow arrives.

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9.

What are values?
- A.
  
  Persons principles or standard of behaviour
- B.
  
  What something is worth
- C.
  
  Something worth money
Correct Answer
A. Persons principles or standard of behaviour

Explanation
Values refer to a person's principles or standards of behavior. These are the beliefs and ideals that guide an individual's actions and decisions. Values can include concepts such as honesty, integrity, respect, and fairness. They serve as a moral compass and help shape a person's character and actions. By adhering to their values, individuals can establish a sense of identity and make choices that align with their personal beliefs.

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10.

Who do we learn morals from (you can select more than one answer)
- A.
  
  Family
- B.
  
  Friends
- C.
  
  Society
- D.
  
  Church
- E.
  
  School
- F.
  
  Media
Correct Answer(s)
A. Family
B. Friends
C. Society
D. Church
E. School
F. Media

Explanation
We learn morals from various sources including our family, friends, society, church, school, and media. These different entities play a significant role in shaping our moral values and beliefs. Our family and friends provide us with direct guidance and influence, while society and its norms contribute to our understanding of what is right and wrong. Church and school often provide moral teachings and principles, and media, including television, movies, and the internet, can also impact our moral development by portraying certain values and behaviors. Therefore, all of these sources collectively contribute to our moral education.

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Current Version
Mar 22, 2023

Quiz Edited by
ProProfs Editorial Team
Mar 01, 2012

Quiz Created by
Pkennedy

Risky Business Introduction Quiz

What is the probability of you throwing a 6 on a standard dice?

What is the probability of you picking a red ball from a bag that contains 6 bue balls, 5 yellow ball, 7 white balls and 3 red balls?

What is the chance of you getting a head when you throw a coin?

Crossing a busy road not using a crossing is

Cycling on the road at night without lights on your bike is

Joining a new team is

What do you call the voice in your head that helps you to make the right decision?

Which of the following is an example of a certain event

What are values?

Who do we learn morals from (you can select more than one answer)