4. Identify and briefly explain the three commonly used approaches to quantify financial risks? 5. You have been made the Chief Risk Officer of your company and given the task of putting together a team to design ERM program. List five functional unit heads that you will invite to be part of the team. 6. Describe three roles an Internal Auditor should play and two roles he should not in the ERM program within his company. 7. Describe how a company can employ hedging in its efforts to mitigate its financial price risk