Question

Use what you have learned about managing risk to complete the following statements.

Smart phones are very expensive. You can purchase a protection plan that lets you
risk with the phone carrier.

Choosing to buy a case for your phone and being careful are ways to
risk.

Answer 1

Smart phones are very expensive. You can purchase a protection plan that lets you manage the risk associated with potential damages or loss of the phone. By investing in a protection plan, you transfer the financial risk to the phone carrier, allowing you to mitigate the potential financial impact of any unforeseen incidents.

Choosing to buy a case for your phone and being careful are ways to minimize the risk of damage or loss. By purchasing a protective case, you create a physical barrier that helps shield the phone from accidental drops or impacts. Additionally, practicing caution and being mindful of how you handle and use your phone can reduce the likelihood of accidents or mishaps that could result in damage or loss.

Both of these measures help you manage the risk associated with owning a smart phone by implementing proactive strategies to protect your investment and minimize potential negative outcomes.

Answer 2

Answer: 1: share 2:reduce