Answer: ability to take risk.

The correct answer is **B** because the ability to bear risk is primarily determined by objective factors such as time horizon, expected income, and wealth relative to liabilities. - **Option A** and **Option C** are incorrect as they refer to the willingness to take risk, which is a more subjective factor influenced by the client's psychological profile and current circumstances. This distinction highlights the difference between an investor's **willingness** (subjective) and **ability** (objective) to take risk when evaluating financial risk tolerance.

Author: LeetQuiz Editorial Team