FL 6 Risk Management Flashcardizz

Front

What statement is true about risk management? Options: it is possible to get to zero risk, Life will always involve some risk, the best vibe is YoLo!

Back

Life will always involve some risk

Front

Which option matches the following description?
Provides a replacement or repair if a product fails.

Back

warranty

Front

Which is true about an extended warranty?

Back

are not usually a great value

Front

What should someone purchase insurance? Repair a damaged car., Repair a roof, Pay for healthcare

Back

all of the above

Front

What was Jasper almost a victim of after receiving a scary email that looked like it was from his bank?

Back

phishing

Front

Aimee has been talking to someone through an app for several months. They talk regularly and talk about meeting up some time. One day the person asks her to send money so that he can get his car fixed and finally be able to come visit. What is she almost a victim of?

Back

social engineering

Front

What should you do if you are contacted via email, text, or phone by someone claiming to represent your financial institution and they request personal information?

Back

Contact the institution in a separate email or call.

Front

Most common method of identity theft: lost or stolen wallet, stolen mail, data breach, password theft

Back

lost or stolen wallet

Front

Which of the following are examples of identity theft? opening accounts in your name, unauthorized purchases, fake tax returns, fake id documents

Back

all of the above

Front

What are the impacts of identity theft? Options: financial loss, damage to credit score, legal issues, emotional pain, all of the above

Back

all of the above