1. Compare and contrast prevention with mitigation.

2. What are the two logics of risk described by Matshculat ? Describe each in detail using your own words (e.g., the dimensions of the logic of loss).

3. List each of the three risk assessment questions and describe the form of their answers (i.e., what would the answer look like).

4. What are the red blobby looking critters supposed to represent? What does it mean when they are sleeping? What does it mean when they are awake? (refer to your answer to question #1). Identify three lessons learned from the video with respect to managing risks.

5. How does risk analysis fit within risk management?

6. Watch the video

Seinfeld Risk Management

Links to an external site. - https://www.youtube.com/watch?v=laKprX-HP94

(< 5 mins). What was amusing about this video? What can you do to avoid the same mistakes as George Costanza?