Assignmetn 6 Docx Pf

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Assignment 6 (26 points) Assignment 6: Insurance and Consumer Protection Instructions Save this file in your course folder, and name it with Assignment, the section number, and your first initial and last name. For example, Jessie Robinson's assignment for Section 1 would be named Assignment1JRobinson. Type the answers to the assignment questions below. Use complete sentences unless the question says otherwise. You will have more than one day to complete an assignment. At the end of each day, be sure to save your progress. Review Lesson 4 of the Course Overview for instructions about turning in your assignments. Assignment Questions 1. Think of a real or made up but realistic example of a pure risk that you or someone you know may face, and then answer the questions below. a. Describe the specific risk. (1-3 sentences. 0.5 points) It is a risk you know is happening. b. What sort of negative outcomes are possible for this type of risk? (1-3 sentences. 1.0 points) it is a clear problem/risk c. Would this risk be likely to create unexpected expenses? Why or why not? (1-3 sentences. 1.0 points) No because you know the risks d. Describe at least one way you could protect yourself against this risk. (1-3 sentences. 1.0 points) avoid the risk 2. Think of a real or made up but realistic example of a speculative risk that you or someone you know may face, and then answer the questions below. a. Describe the specific risk. (1-3 sentences. 0.5 points) A risk that may or may not happen. b. What sort of negative outcomes are possible for this type of risk? (1-3 sentences. 0.5 points) you don’t know how to prepare. c. What sorts of positive outcomes are possible for this type of risk? (1-3 sentences. 0.5 points) it may not even cause a problem d. Would this risk be likely to create unexpected expenses? Why or why not? (1-3 sentences. 1.0

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