Some decisions involve taking risks in that either the benefits or the costs could be uncertain. Risk taking carries a cost. When risk is present, the costs should be treated as higher than when risk is not present.
Standard detail
6.
Benchmark
Depth 1Parent ID: 25E9304E35A64210B2B6699B3420E52FStandard set: Grades 9, 10, 11, 12
Original statement
Quick facts
- Statement code
- 6.
- List ID
- 6.
- Standard ID
- CBCDD9D0982C447B8733D18E21F09447
- ASN identifier
- S2604676
- Subject
- Economics
- Grades
- 09, 10, 11, 12
- Ancestor IDs
- 25E9304E35A64210B2B6699B3420E52F
- Source document
- Voluntary National Content Standards in Economics (2010)
- License
- CC BY 3.0 US