"Of the risk management strategies, _ refers to the act of not engaging in actions that lead to risk, whereas ____refers to acquiescence in regard to the risks of particular actions as well as their potential results"

Risk avoidance refers to not taking any action related to risk. This is the most radical way of avoiding risks and implies missing all chances of obtaining benefits from investing. Risk acceptance requires the analysis of the losses and gains an investment carries. When the potential losses are smaller than the benefits of assuming the investment, it would be rational to go ahead and take the risk. The opposite happens if the potential losses are greater than the potential benefits.

"Of the risk management strategies, _________________ refers to the act of not engaging in actions that lead to risk, whereas ____________________refers to acquiescence in regard to the risks of particular actions as well as their potential results"

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"Of the risk management strategies, _ refers to the act of not engaging in actions that lead to risk, whereas ____refers to acquiescence in regard to the risks of particular actions as well as their potential results"