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2. Are you a risk-taker? What risks have you taken?

3. What risks do businesses face? Note down three types.

4. Read the passage below. In most of the lines 1-10 there is one extra word which does not fit. Find them and write in the space provided. Some lines, however, are correct.

In its everyday sense, risk often has negative connotations and is associated

with danger, the loss, or accidents.

In business, however, the concept is slightly more complex one. Risk is not

Only about threats, but also about opportunities. This is summarised as in the

popular saying who ‘nothing ventured, nothing gained’. Indeed, in order to

grow, to become more profitable or competitive, businesses usually have to

change direction, which it involves a certain amount of risk. Having said that,

in business doing nothing is potentially more risky than moving forward and

innovating. A company that plays it safe all the time and runs the risk of

offering products which go unnoticed or which no longer meet up the needs of

their customers.

1 …………….

2 …………….

3 …………….

4 …………….

5 …………….

6 …………….

7 …………….

8 …………….

9 …………….

10 …………...

Vocabulary

1. The verbs in the box are used to describe risk. Check their meanings and put them under the appropriate heading.

calculate eliminate encounter estimate face foresee minimise prioritise reduce spread

Predict Meet Access Manage

2. Match these halves of sentences from newspaper extracts.

1 Internet businesses a) risks involved when sending staff to work in

dangerous locations.

2 We can reduce risk.... b) in order to advise insurance companies.

3 Trying to minimise risk … c) involved in setting up a new business

4 It is impossible to ... d) involved in setting up a new business

5 It is difficult to foresee the risks ... e) eliminate all risk when entering a new

6 Actuaries calculate risk market

7 It’s important to consider the... f) is an important part of business strategy

g) by spreading our lending to more

businesses

h) face increasing risks of running out of

money.

3. The following adjectives can be used with the word risk. Which describe a high level of risk? Which describe a low level?

faint

great

huge

minuscule

negligible

remote

serious

significant

slight

substantial

terrible

tremendous