For each scenario describing risks to consider while planning, provide the appropriate risk response strategy to be used. Description of Activity: Note: There is oniy one vaiia' strategy per scenario. Do not forget to consider if you are looking at a threat or an opportunity. Description of risk: . . . . (20 points) Description of risk. When planning the response for a risk related to a An investment banker identifies a firm's debt as a risk and construction project, the project team decides that decides to sell the stock and exclude it Ifrom their portfolio it is best to assign more resources to a critical task until the situation improves that has many dependencies. By doing this the team is using which risk strategy? Strategy: Strategy: Winter has proven to be very unreliable for a ski resort operator who decides to deal with the seasonal risk by investing in summer sports and recreational facilities such as An American company doing extensive business with Canada and European clients decides to use USD pricing strategy on contracts to deal with exchange rate risks Strategy: Strategy: An investor buys stocks in an innovative company who are The Grilling Restaurant purchases business in talks to develop the next generation electric engine. interruption insurance in addition to property There are discussions that the initial price might go down, insurance to deal with risks associated with g of but the investor invests anyway thinking that the reward revenue from any possible disaster or fire to the could be large. What risk strategy is the investor displaying? establishment. This is a response strategy? Strategy: Strategy: Business has been good and gaining one last contract for the A small business identifies several competitive risks quarter would guarantee a bonus for the team. You decide associated with a plan to open a new location. The when putting together the latest proposal to provide a planning team selects a location that has significant foot discounted rate for the work to ensure that the team gets the traffic with no other cafes and restaurants in the area. work. This is what type of risk response? Which risk response strategy are you following? Strategy: Strategy: A fast-food restaurant in a small city receives food deliveries twice a week. With each order the head manager must balance a risk of running out of ingredients with the risk of wasting food by being overstocked. To deal with this risk an agreement is developed with two other locations in the city to share an ingredients' pool. Strategy: Strategy: You read through research that there is a major black fly problem in the summer in the wooded area where you plan to do the work. You change your project start date to happen later in the fall. This shows what type of response strategy? * Ensure that you provide the proper citations or references for your research