A risk affecting only car thefts is an example of which type of risk?

The correct answer is that a risk affecting only car thefts is classified as a particular risk. This type of risk is characterized by its specific nature, impacting individuals or organizations in a localized manner rather than affecting the entire economy or society. For instance, car theft is an event that primarily influences car owners and does not have widespread implications for the general populace, distinguishing particular risks from fundamental risks, which are broader and can affect a large portion of society or the entire economy.

In contrast, fundamental risks include those risks that are inherent to large populations, such as natural disasters or economic downturns, thereby impacting many individuals or entities at once. Speculative risks are different in that they present opportunities for gains as well as losses (like investing in stocks), and operational risks typically pertain to failures within an organization’s processes or systems. Thus, the nature of car theft being a localized risk affecting specific individuals makes it a clear example of a particular risk.