Risk assessments | Bachelor of Innovation

Read each trait description. Be aware that looking for hidden meanings will not improve the value of your self-rating. Your first reaction is probably your best.

First Name: *

Last Name: *

Email Address: *

PART I:

Someone giving a pro-risk response on all inventory items would agree with the following beliefs and assumptions about risk taking, which correspond to the items in the inventory:

1: Taking risks makes good sense only in the absence of acceptable alternatives.: *

Agree

Disagree

2. I generally prefer stimulation over security.: *

Agree

Disagree

3. I have confidence in my ability to recover from my mistakes, no matter how big.: *

Agree

Disagree

4. I would promote someone with unlimited potential but limited experience to a key position over someone with limited potential : *

Agree

Disagree

5. Anything worth doing is worth doing less than perfectly.: *

Agree

Disagree

6. I believe opportunity generally knocks only once.: *

Agree

Disagree

7. It is better to ask for permission than to beg for forgiveness: *

Agree

Disagree

8. Success is as much a matter of luck as ability.: *

Agree

Disagree

9. Given a choice, I would choose a three-thousand-dollar annual raise over a ten-thousand-dollar bonus, which I had about a one: *

Agree

Disagree

10. I can handle big losses and disappointments with little difficulty.: *

Agree

Disagree

11. If forced to choose between them, I would take safety over achievement.: *

Agree

Disagree

12. Failure is the long way to success.: *

Agree

Disagree

13. I tolerate ambiguity and unpredictability well.: *

Agree

Disagree

14. I would rather feel intense disappointment than intense regret.: *

Agree

Disagree

15. When facing a decision with uncertain consequences, my potential losses are my greatest concern.: *

Agree

Disagree

Part II:

Which of the following words or terms fit you the best? Circle all of the words or phrases below that fit you.

A: *

conservative

cautious

careful

skeptical

concerned about the future

protect what we have

why change?

what will someone think?

they already tried it

there's a lot we don't know

let someone else try it

B: *

quick decisions

risk is great

willing to try anything

go for broke

might be fun

big profits

spontaneous

what are we waiting for?

if it sounds good - try it

push the envelope

do it and pick up the pieces later

C: *

study things first

consider the odds

be the first

make informed decisions

innovator

no need to wait

this will be a trip!

why wait to start?

don't need all the answers

willing to take a chance

rewards of risk are worth the price

D: *

get all the answers

know all the facts

good decisions follow knowing the facts

let's not go overboard

keep things stable

conservative, but realistic

keep things in balance

is this good for family and community?

is this the right thing to do?

how will this affect my kid’s future?

let's plan this

Part III:

Please select one answer to each of the following questions:

1. Your family is exploring the need to expand their operation and is considering tripling the size of the business. Which fits : *

A. We're debt-free now and doing well. Why change anything?

B. There's big money to be made if you have the brains and brawn to make it fly. Let's do it!

C. This will be the adventure of a lifetime!

D. We need time to talk to other operations that have expanded and plan more thoroughly.

2 Your family is considering the amount of labor needed to run a proposed expansion of your business. How do you approach the : *

A. Let's not make the move until we're positive we have the labor lined up.

B. We will find the workers somewhere, don't worry about it.

C. We're really going to have some big changes around here. It may be a trip!

D. If we do an analysis of what the labor supply is in our area, we should be able to expand with confidence.

3. There is a 50 percent chance that the price of supplies you definitely need in your business will go up in the future; along : *

A. Buy the supplies now when you know what the price is.

B. Wait the market out. You want to be the lowest cost producer out there.

C. It will be fun to see how this will all turn out

D. Study what is happening in the market and make a decision when I have all the facts.

4. Which of the following statements would best describe how you feel about investments?: *

A. My investments should be completely safe. I do not want to run the risk of losing any principle at any time.

B. I want the highest possible return from my investments, no matter what the risk.

C. Getting high returns from my investments is like a never-ending game.

D. I like to thoroughly study prospective investments so that I can balance return with risk.

5. Which of the following statements best describes how you feel about market volatility (big price swings)?: *

A. I wish prices would just stay the same.

B. I love the challenge of going for broke with prices that change often and fast.

C. If you play your cards right, you can come out the winner when prices change a lot.

D. If you study all the angles, you can do OK even when prices change a lot.

Part 1 score::

This field will be filled after submit.

Part 2 score::

Part 3 score:

This field will be filled after submit.

Expanding Menus

Specific BI Degrees
Topic Quick Links
Useful UCCS Links

Twitter

Most Recent Tweets

Follow Dr. Boult

I'm doing a Free All day SBIR "How-to" Seminar, Nov 30. Learn how to go after $2B in innovation funding http://innovation.uccs.edu/SBIR09 — 1 day 4 hours ago
Flying back from Biometrics2009 in London (emailing on the Plane!) Good meeting & networking. Maybe a UK BI partner? Saw the Queen too! — 4 weeks 17 hours ago
Reading: "Nice blog post about our UCCS #Innovation degrees. " (http://twitthis.com/ehhs6p) — 11 weeks 6 days ago
Fun in Fiji http://tinyurl.com/nujvlf - Now I'm ready to teach 135 BI #innovation majors. Standing room only in the freshman classes:-) — 11 weeks 6 days ago
Innovation Camp was great. Took 15 HS students from newbies to giving decent pitches in a week! Now for some vacation time :-) — 15 weeks 6 days ago