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emma has decided that she needs to assess the risk and return of buying…

Question

emma has decided that she needs to assess the risk and return of buying an extended warranty for her new laptop for school. which of these practical questions should she ask herself to assess the risk? select three options.
□ will the warranty cover the cost of any physical damage?
□ should i buy a different model?
□ would it be better for me to buy a desktop computer?
□ is the cost of replacement less than the cost of the warranty?
□ is the laptop worth the extra expense of the warranty?

Explanation:

Brief Explanations

To assess the risk of buying an extended warranty, questions should relate to the warranty's coverage, cost - benefit of warranty vs replacement, and if the laptop justifies the warranty cost.

  • "Will the warranty cover the cost of any physical damage?" relates to what the warranty covers (a risk - related factor as it determines what issues are protected against).
  • "Is the cost of replacement less than the cost of the warranty?" helps in evaluating if the warranty is cost - effective (a key risk - return assessment as it compares the cost of warranty to the alternative of replacement).
  • "Is the laptop worth the extra expense of the warranty?" assesses if the laptop's value makes the warranty cost justifiable (relevant to risk as it considers if the investment in warranty is worth it for the laptop).

The questions "Should I buy a different model?" and "Would it be better for me to buy a desktop computer?" are about choosing a different device, not about assessing the risk of the warranty for the current laptop.

Answer:

  • Will the warranty cover the cost of any physical damage?
  • Is the cost of replacement less than the cost of the warranty?
  • Is the laptop worth the extra expense of the warranty?