Question

1. maya is deciding whether to bike to school or take the bus. she knows biking saves money, but the route has heavy traffic. which part of risk assessment is she focusing on when she considers how likely an accident is?seriousness of the lossrisk avoidancerisk transferprobability of the risk2. james rarely backs up the data on his laptop. if the laptop fails, he would lose important school files. this situation most clearly represents which type of consumer risk?property riskfinancial riskpersonal injury riskliability risk

Explanation:

1. When Maya considers how likely an accident is, she is focusing on the probability of the risk. Probability of the risk refers to the chance or likelihood that a particular risk event will occur.
2. James' situation represents property risk. Property risk involves the potential for damage to or loss of property. In this case, the important school files on his laptop (a form of property) are at risk of being lost if the laptop fails.

Answer:

1. probability of the risk
2. property risk