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1. Why is identification of risks, through a listing of assets and their vulnerabilities so important to the risk management process? 2. Who is responsible for risk management in an organization? 3. In risk management strategies, why must periodic reviews be a part of the process? 4. What value would an automated asset inventory system have for the risk identification process? 5. What is the difference between an asset's ability to generate revenue and its ability to generate profit? 6. Describe the strategy of transference. 7. Describe how outsourcing can be used for risk transference. 8. What is risk appetite? Explain why risk appetite varies from organization to organization. 9. What is the difference between benchmarking and baselining? 10. What is the difference between organizational feasibility and operational feasibility? Do your own independent research and answer the following questions. Each answer should be within half a page (Single spaced, times Roman, 12 font). (Each question =25 points, Total =50 ) 1. How does Microsoft define "risk management"? What phases are used in its approach? 2. Compare Microsoft's risk management strategy with that of Apple. How do they differ and why