Exercise 1-3 Enterprise Risk Management [LO3] The table below refers to seven industries. Required: For each industry, identify one important risk faced by the companies that compete within that industry. Also, describe one control that companies could use to reduce the risk that you have identified. Industry Light rail transit Beer and alcohol Newspaper Sports and entertainment Solar energy Software as a service Motorcycles Type of Risk A train might have a mechanical failure. Control Develop firewalls and other security protocols to reduce the threat of hacking. Identify more than one supplier for key components. Implement a barcode system to use on tickets for all events. Implement a preventive maintenance program. www Nort

Exercise 1-3 Enterprise Risk Management [LO3] The table below refers to seven industries. Required: For each industry, identify one important risk faced by the companies that compete within that industry Also, describe one control that companies could use to reduce the risk that you have identified