Examine the Following List of "Risks

question 10

Multiple Choice

Examine the following list of "risks." Determine which of these are "pure risks."
I. The risk that your antique Corvette will depreciate in market value
II. The risk that you will have a collision in your Corvette, thus causing you to spend thousands of dollars in repair costs
III. The risk that someone will steal your Corvette
IV. The risk that you will buy a house and lightning will strike your roof, thus causing you to have to purchase a new roof
V. The risk that you will invest your life savings in a business venture that fails, thus causing you to lose your entire investment

• A) I, II, III, IV, and V
• B) I, II, and IV
• C) I, II, III, and IV
• D) II, III, and IV

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Definitions:

Kin

Individuals related by blood or marriage.

National Surveys

Large-scale assessments or studies conducted to gather information on a variety of topics from a representative sample of a nation's population.

Millennial

A person born approximately between the early 1980s and late 1990s, characterized as being digitally savvy, value-oriented, and possibly facing different socioeconomic challenges than previous generations.

College Students

Individuals enrolled in an institution of higher education, pursuing undergraduate, postgraduate, or various diploma courses.