Define the term and give an example of each of the following types of risks (i.e.,...

Define the term and give an example of each of the following types of risks (i.e., true, estimated, perceived, acceptable, & optimal) as they relate to changing oil in your car. You must justify each response.

Expert Solution

Is the question incomplete?

Changing oil in the car is a perceived risk.

Because every user knows after a particular number of kilometers the oil should be changed. Otherwise it will affect the performance of the car. Company also warn the users to do the same.

Rahul Sunny answered 2 years ago

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