Sarah wants to buy an expensive car, but she's concerned about how her relatives will react. They are more frugal, and she's concerned that they might think less of her for spending so much money. Which type of risk is this?
A) financial risk
B) social risk
C) performance risk
D) physical risk
E) time risk

Question

Quizplus · Accepted Answer

This is a social risk because Sarah is concerned about how her relatives will perceive her and their potential negative judgment based on her decision to buy an expensive car. Financial risk would refer to the potential monetary loss or instability associated with making the purchase, performance risk would refer to concerns about the car's quality or ability to meet her needs, physical risk would refer to safety concerns, and time risk would refer to potential time constraints or opportunity costs associated with the purchase.

Sarah Wants to Buy an Expensive Car, but She's Concerned