Figure 1 provides examples of statements of risk appetite stated in binary terms as being acceptable or not. The examples focus on cybersecurity risk, though the analogy may be extended to other kinds of IT risk, of which cybersecurity risk is a subset.
Indian Cobra or the Naga: Of all the animals worshiped in India, the cobra snake has been one of the most significant symbol in Hinduism associated with wealth, power and fertility that has the longest history. Snake worship can vary from worship of the naga deities associated with water, direct worship of living snakes.
1 The Uraeus was a cobra in upright position a symbol worn on the crown or headdress of royalty. It symbolized the Lower Egyptian goddess Wadjet.  The cobra snake was on the Pharaoh's forehead to spit fire at his enemies the way a cobra spits poison into an enemy's eyes.