Description
Week 5 Discussion
Discussion Board Requirements
Current Topic Discussion Guidelines
Students must make a minimum of three substantive contributions on three separate days of the learning week to the management discussion topic using authoritative sources including those found in the KU library. Post your response to the discussion question early in the learning week (no later than Wednesday), and then make a minimum of two other posts Thursday through Sunday. All discussions are weighted equally and should be of high quality and add to the learning. The discussion exercise closes on Sunday except the last week. Late discussions are not accepted.
Week 5 Discussion Questions
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In what ways do the common pitfalls in determining risk tolerance reflect basic critical thinking? In what way does uncertainty and little or poor awareness of risk tolerance impact the consideration of ethics in business decisions? Can you think of examples? Is the ethical dimension like other dimensions involving uncertainty and risk tolerance?
Week 5 Discussion Forum
Week 5 Discussion Forum
If you wish to submit your original post to SafeAssign, you first need to go to the Start Here/Discussion folder. Inside that folder is a link where you have unlimited attempts to upload your original post, return to check your SafeAssign score, fix your post if needed, and resubmit the corrected document by selecting the START NEW button. Once you press START NEW, you no longer have access to the previous posts or their SafeAssign scores. So, save those if you need a record to refer to as you make further corrections.After you have submitted your final version of the original post and you are satisfied with the SafeAssign score and your corrections, copy/paste that same version of the original post to the discussion forum so your classmates and instructor can read it, by following the next steps below.Remember: WHEN YOU ARE READY TO PLACE YOUR POST IN THE DISCUSSION FORUM AND/OR REPLY TO OTHER THREADS, SELECT THE "WEEK 5 DISCUSSION FORUM" LINK JUST ABOVE.THEN, IN THE WEEK 5 DISCUSSION FORUM, SELECT THE “REPLY” TO ADD YOUR RESPONSE TO THE DISCUSSION QUESTIONSWeek 5 Discussion
Discussion Board Requirements
Current Topic Discussion Guidelines
Students must make a minimum of three substantive contributions on three separate days of the learning week to the management discussion topic using authoritative sources including those found in the KU library. Post your response to the discussion question early in the learning week (no later than Wednesday), and then make a minimum of two other posts Thursday through Sunday. All discussions are weighted equally and should be of high quality and add to the learning. The discussion exercise closes on Sunday except the last week. Late discussions are not accepted.
Week 5 Discussion Questions
____________________________________________
In what ways do the common pitfalls in determining risk tolerance reflect basic critical thinking? In what way does uncertainty and little or poor awareness of risk tolerance impact the consideration of ethics in business decisions? Can you think of examples? Is the ethical dimension like other dimensions involving uncertainty and risk tolerance?
Week 5 Discussion Forum
Week 5 Discussion Forum
If you wish to submit your original post to SafeAssign, you first need to go to the Start Here/Discussion folder. Inside that folder is a link where you have unlimited attempts to upload your original post, return to check your SafeAssign score, fix your post if needed, and resubmit the corrected document by selecting the START NEW button. Once you press START NEW, you no longer have access to the previous posts or their SafeAssign scores. So, save those if you need a record to refer to as you make further corrections.After you have submitted your final version of the original post and you are satisfied with the SafeAssign score and your corrections, copy/paste that same version of the original post to the discussion forum so your classmates and instructor can read it, by following the next steps below.Remember: WHEN YOU ARE READY TO PLACE YOUR POST IN THE DISCUSSION FORUM AND/OR REPLY TO OTHER THREADS, SELECT THE "WEEK 5 DISCUSSION FORUM" LINK JUST ABOVE.THEN, IN THE WEEK 5 DISCUSSION FORUM, SELECT THE “REPLY” TO ADD YOUR RESPONSE TO THE DISCUSSION QUESTIONSWeek 5 Discussion
Discussion Board Requirements
Current Topic Discussion Guidelines
Students must make a minimum of three substantive contributions on three separate days of the learning week to the management discussion topic using authoritative sources including those found in the KU library. Post your response to the discussion question early in the learning week (no later than Wednesday), and then make a minimum of two other posts Thursday through Sunday. All discussions are weighted equally and should be of high quality and add to the learning. The discussion exercise closes on Sunday except the last week. Late discussions are not accepted.
Week 5 Discussion Questions
____________________________________________
In what ways do the common pitfalls in determining risk tolerance reflect basic critical thinking? In what way does uncertainty and little or poor awareness of risk tolerance impact the consideration of ethics in business decisions? Can you think of examples? Is the ethical dimension like other dimensions involving uncertainty and risk tolerance?
Week 5 Discussion Forum
If you wish to submit your original post to SafeAssign, you first need to go to the Start Here/Discussion folder. Inside that folder is a link where you have unlimited attempts to upload your original post, return to check your SafeAssign score, fix your post if needed, and resubmit the corrected document by selecting the START NEW button. Once you press START NEW, you no longer have access to the previous posts or their SafeAssign scores. So, save those if you need a record to refer to as you make further corrections.After you have submitted your final version of the original post and you are satisfied with the SafeAssign score and your corrections, copy/paste that same version of the original post to the discussion forum so your classmates and instructor can read it, by following the next steps below.Remember: WHEN YOU ARE READY TO PLACE YOUR POST IN THE DISCUSSION FORUM AND/OR REPLY TO OTHER THREADS, SELECT THE "WEEK 5 DISCUSSION FORUM" LINK JUST ABOVE.THEN, IN THE WEEK 5 DISCUSSION FORUM, SELECT THE “REPLY” TO ADD YOUR RESPONSE TO THE DISCUSSION QUESTIONSExplanation & Answer
Attached.
Running Head: CRITICAL THINKING AND RISK TOLERANCE
Critical Thinking and Risk Tolerance
Name
University
Professor
1
CRITICAL THINKING AND RISK TOLERANCE
Common Pitfalls and Critical Thinking
Risk tolerance refers to the extent of discrepancy in investment returns that an investor is
ready to endure. Risk tolerance is quite important when it comes to decisions related to
investment and individuals should have a clear understanding of their abilities to withstand huge
swings in their investments. Too much or too little risk is never good (Kwon & Johnson, 2014).
Care should be taken when considering one’s risk tolerance. While the answer may vary
considerably due to varying factors like net worth, risk capital, experience, and age.
Some of the common pitfalls in the risk tolerance assessment are the use of simplistic
questionnaires, relying on interviewing skills, and the failure to deal with inconsistencies in the
answers of clients. The mistakes, however, pave the way for some basic critical thinking skills to
be observed. Interpretation and self-regulation skills can be enhanced through the identification
of these weaknesses. Clarity, precision, accuracy, and relevance are all aspects that can be
highlighted whenever answers are examined. However, inconsistencies reflect a side of critical
thinking that is more important than all other issues.
How Uncertainty affects Ethical Considerations
In business decisions, uncertainty and little awareness of risk tolerance affect the review
of ethics in many ways. First, decisions made by managers may not be favorable to all
stakeholders involved if it does not maximize their benefits. For example, a decision like forcing
employees to contribute to health benefits may be harmful to them but beneficial to the
shareholders of the company. Here, the uncertainty of the risks associated with such a move
makes the whole idea to be ethically questionable. A wise approach towards dealing with the
ethical issue of reducing uncertainty is the acquisition of knowledge about the i...