You are correct tho it’s bit confusing because I would need to read the text hope I helped ;)
Answer:
How can we answer if the full question not on is there another part of this
I love questions like this but I’m going to need more detail.
This quote is an example of characterization as it explains the type of character Fortunato is "a man to be respected and even feared." It should be noted that Fortunato's name is an example of irony because in the end he is not fortunate.