Think of a real or made up but realistic example of a speculative risk that you or someone you know may face, and then answer the
questions below.
(a) Describe the specific risk. (1-3 sentences)
(b) What sort of negative outcomes are possible for this type
of risk? (1-3 sentences. 0.5 points)
(c) What sorts of positive outcomes are possible for this type
of risk? (1-3 sentences. 0.5 points)
(d) Would this risk be likely to create unexpected expenses?
Why or why not? (1-3 sentences. 1.0 points)
(e) Describe at least one way you could protect yourself
against this risk. (1-3 sentences. 1.0 points)