Question

Craig graduated from college and got his first job. He rented an apartment and purchased new furniture, appliances, and a television. What risk does he face? identity theft theft losing money in an investment financial planning

Answer 1

The types of risks faced by Craig are two:

• Theft
• Financial planning

Theft is a type of threat that affects the type of possessions that Craig had acquired. All of those were material possessions: furniture, appliances and TV.

Financial planning might be the second risk. Craig has just obtained his first job, which probably does not involve a very high wage, and he is not being very cautious with his income. He has bought a lot of things and it does not seem that he is saving part of his wage, in case he might need it later, or things could go wrong in the job.

The type of purchasing behaviour performed by Craig has nothing to do with identity issues. Moreover he did not conduct any investment. Therefore those two options are ruled out.

Answer 2

Theft would be my guess