Question: Question 1 ( 2 5 Marks ) Discuss the purpose of risk classification systems with specific reference to the FIRM Risk Scorecard. Using the scorecard,perform

Question 1(25 Marks)Discuss the purpose of risk classification systems with specific reference to the FIRM Risk Scorecard. Using the scorecard,perform a high-level analysis of the risk faced by the IEC as presented in the case study.

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