1. How does the risk management create positive and negative impacts to a company? How does the risk management create positive and negative impacts to the society? 2.Explain and give a business scenario to apply each of the following risk management techniques. - Risk Avoidance - Risk Reduction / Mitigation - Risk Sharing - Risk Retention / Acceptance 3.Search the Internet for a poor risk management case that lead to a massive loss of a company (such as Enron scandal in 2001, Bankruptcy of Lehman Brothers in 2008, and Samsung Note 7 recall in 2016). Briefly describe the case and answer the following questions: - What had happened and how much loss did it cost?

- What type of risks was the company exposed to? - What went wrong in the risk management process? - How could the risk management be done better? 4. Why do you think that banks are regulated to ensure that they do not take too much risk but most other companies are not (for example, those in manufacturing and retailing)? 5. In your opinion, is it possible for an organization to measure the effectiveness of its risk management process/system? If no, why? If yes, how?