Caroline but a fancy new car. Within six months, she had to take the car in for repairs four times, each repair cost more than $1000. What type of risk does this best represent

The type of risk related to the scenario presented is called Operational Risk

Explanation:

Operational Risks are strongly related to human error and or external events. We know that the car is new. Hence the possibility of a breakdown from a manufacturer or factory defect (given the question) is highly unlikely.

If the car has been fixed 4 times in 6 months, it is very likely that Caroline is not doing something right. E.g.

Or it just may be that she has been very unlucky with other drivers.

In any case, the error is human-elated and maybe external hence operational risks.

Other examples of operational risks are:

Besides loss of money as evidenced in the question, other resultant effects of operational risks are:

Cheers

i feel as if they would both catch on before to long because they would see them to frequent