16
QuizMultiple Choice

Insurance — Quiz

Question 16 • Economics

Which questions about risk should someone ask before making a big purchase? Choose three correct answers.

Answer
A
What could go wrong?
B
What problems could be most damaging?
C
What option has no risk?
D
What can be done to avoid liability?
E
What problems are most likely to happen?

Explanation

A good risk assessment considers what could go wrong, how likely each problem is, and how damaging it could be. Those questions help someone understand both the chance and the possible impact of risks before making a big purchase. Asking for an option with no risk is unrealistic, and avoiding liability is narrower than assessing the purchase’s risks.

AI-written and checked against the verified answer.

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