Question: ACTIVITY RISK FORMULATION Instructions: Essay. This is an essay assessment. Hence, answers call for a discussion. Words. must not be less than 50 and

ACTIVITY RISK FORMULATION Instructions: Essay. This is an essay assessment. Hence, answers

ACTIVITY RISK FORMULATION Instructions: Essay. This is an essay assessment. Hence, answers call for a discussion. Words. must not be less than 50 and not more than 100 words per item. Deduction. Deduction will be imposed for not following instructions. BACKGROUND You have learned that "risk should read as if something went wrong and what the impact of this would be." An example given is that: RISK: Unauthorized changes are made to the payroll master data resulting in payments to fictitious employees. Based on the example, the following can be inferred: What went wrong: Unauthorized changes to the payroll master data The impact: Payments to fictitious employees QUESTIONS: Using the given format, formulate or write your own risk in relation to: 1. Starting your own business. (10 points) RISK: 2. Applying for your dream job. (10points) RISK:

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