Welcome to the 1520 Perfect Dictionary
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| Calculated risk | |
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| CALCULATED RISK Definition: A possibility of failure, the degree of which has been estimated and taken into account before a venture is undertaken. ______________________________________________________________________ * All five elements would be in. 1. Estimation (= calculation) done by a stakeholder or commissioned to be done by the stakeholders [No chaos] HALF. 50 : 50. ___________ Sure known. Quote: "If you look for the bad in people expecting to find it, you surely will". - Abraham Lincoln. * Can be secured. 2. Capability or capacity of stakeholder(s) to cope with the outcome of decision would be assumed possessed [No conflict] SAFE. ___________ Guess none. Quote: "The saddest aspect of life right now is that science gathers knowledge faster than society gathers wisdom". - Isaac Asimov. * Can be retained. 3. Projected/foreseen outcome or fallout are specific and identifiable and also measurable and/or assessable [No confusion]. DARE. ___________ Advantaged. Quote: "Greatness is not found in possessions, power,position, or prestige. It is discovered in goodness, humility, service, and character". - Author Unknown. * Can be assigned. 4. Opportunity cost involved have been determined as worth accepting the danger inherent in intended action [No commotion] FAIR. ___________ Affordable. Quote: "Concern should drive us into action, not into a depression". - Karen Horney. * Can be insured. 5. Decision-making ends in the choice to do or not to do, damning fear of that 'unknown' [No confrontation]. FULL. 100 / 100. ___________ Confronted. Quote: "There's no luck in business. There's only drive, determination, and more drive". - Sophie Kinsella. * Can be managed. | |
1520 Products |
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1520 Products was established in 2005 with the purpose of entertaining and teaching us on key and important aspects of life (such as marriage, sex, etc) through the playing of games which will allow us to laugh but at the same time pass a message of what is the right or ideal way. |
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 1520 Sex Game |
 1520 Puzzles |
 1520 Marriage Game |