Normal Medium Grid No Spacing Heading 1 Heading 2 000 3 5 18.01-11 12 13 14 15 16 17 18 19 c. Operational risk d. Compliance risk 4. If a risk manager is estimating the frequency and severity of losses, this means he is: 3. Identifying risks b. Measuring and analyzing risks c. Treating risks d. Implementing controls 5. Samsung had to recall the Galaxy Note 7 phones from the market due to the battery overheating and causing fires. This loss exposure is considered Liability loss exposure b. Crime loss exposure c. Property loss exposure d. Intangible property loss exposure Part III: Case Application and Written Answers (15 marks) (LOCAL, A2, C1, C2,DA) 1. A family of three own a jewelry shop which is their main source of income. Worried about possible thefts, they want to protect their family business by adopting certain risk treatment measures. Provide an explanation of how to manage the risk of theft from the treatment methods listed below. mi) a Loss control (prevention and reduction): Sec 1 Pages: 3 of 5 Words: 0 of 740