Question: Identify the risks in the following cases and how should management respond to such risks. In arriving at the best response, identify the consequences of

Identify the risks in the following cases and how should management respond to such risks. In arriving at the best response, identify the consequences of each options (positive/negative).

3. Mr. A has been a farmer for 2 decades now with corn as his main agricultural product. He is planning to enter into an early contract for some of their anticipated crop to deliver corn at a fixed price.

4. A fast food restaurant in a small city receives food deliveries twice a week. There are no other means of procuring needed materials/supplies other than this.

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