Question: Consider the first step in the risk management process identifyingexposures to loss. We discussed several methods by which a risk managermight undertake this step. Based
Consider the first step in the risk management process identifyingexposures to loss. We discussed several methods by which a risk managermight undertake this step. Based on your reading of the case study,indicate and briefly discuss one specific method that could have been usedin this case. Be specific as possible you must correctly identify one of the identification methods for it to be correct. pointsb From a traditional risk management TRM perspective, identify and brieflydiscuss one loss exposure that is being illustrated. Your answer mustidentify which type of the four exposures it is in order to be marked correct pointsc From an enterprise risk management ERM perspective, Identify andbriefly discuss one type of risk that is being illustrated that does not comefrom the hazard or financial risk quadrant And what quadrant it is from points Hershey candy sends out boxes of candy a month across their entireorganization. The risk management department of Hershey collects data and ismaking projections on how many candy bars in a box are damaged. They are usingdata on boxes sent out of their Claymont Delaware facility to make projections fortheir entire company. The Claymont facility sends out boxes a month andwe will use that to make projections over the entire company wide total boxes of a month. Below represents the collected data we will use to makeprojections. The data represents candy bars damaged per box each month atClaymont# of candy bars damaged# of boxes that have thatloss amounta Calculate expected frequency of damaged candy bars per box per
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