Question 1 (20 Marks) a) The development and selection of alternative risk management methods involves a fundamental tradeoff between the benefits of retention and the increased costs from greater risk. What are the benefits of increased retention? (5 marks b) Why must risk management decisions be reviewed regularly? (2 marks) c) Parkway Distributors is a wholesale firm that employs several outside salespersons Emily, a salesperson employed by Parkway Distributors, wus involved in an accident with another motorist while she was using her car to make regular sales calls for Parkway Distributors. Emily and the motorist are seriously injured in the accident. The motorist soes both Emily and Parkway Distributors for the injury based on negligence. Describe the requirements that the motorist must establish to show that Emily is guilty of negligence (8 marks) On whnt legal basis might Parkway Distributors be held legally liable for the injury to the motorist? Explain your answer. (5 marks) (Total 20 marks) Question 1 (20 Marks) a) The development and selection of alternative risk management methods involves a fundamental tradeoff between the benefits of retention and the increased costs from greater risk. What are the benefits of increased retention? (5 marks b) Why must risk management decisions be reviewed regularly? (2 marks) c) Parkway Distributors is a wholesale firm that employs several outside salespersons Emily, a salesperson employed by Parkway Distributors, was involved in an accident with another motorist while she was using her car to make regular sales calls for Parkway Distributors. Emily and the motorist are seriously injured in the accident. The motorist sues both Emily and Parkway Distributors for the injury based on negligence, i. Describe the requirements that the motorist must establish to show that Emily is guilty of negligence. (8 marks) On what legal basis might Parkway Distributors be held legally liable for the injury to the motorist? Explain your answer (5 marks) (Totul 20 marks) Question 1 (20 Marks) a) The development and selection of alternative risk management methods involves a fundamental tradeoff between the benefits of retention and the increased costs from greater risk. What are the benefits of increased retention? (5 marks b) Why must risk management decisions be reviewed regularly? (2 marks) c) Parkway Distributors is a wholesale firm that employs several outside salespersons Emily, a salesperson employed by Parkway Distributors, wus involved in an accident with another motorist while she was using her car to make regular sales calls for Parkway Distributors. Emily and the motorist are seriously injured in the accident. The motorist soes both Emily and Parkway Distributors for the injury based on negligence. Describe the requirements that the motorist must establish to show that Emily is guilty of negligence (8 marks) On whnt legal basis might Parkway Distributors be held legally liable for the injury to the motorist? Explain your answer. (5 marks) (Total 20 marks) Question 1 (20 Marks) a) The development and selection of alternative risk management methods involves a fundamental tradeoff between the benefits of retention and the increased costs from greater risk. What are the benefits of increased retention? (5 marks b) Why must risk management decisions be reviewed regularly? (2 marks) c) Parkway Distributors is a wholesale firm that employs several outside salespersons Emily, a salesperson employed by Parkway Distributors, was involved in an accident with another motorist while she was using her car to make regular sales calls for Parkway Distributors. Emily and the motorist are seriously injured in the accident. The motorist sues both Emily and Parkway Distributors for the injury based on negligence, i. Describe the requirements that the motorist must establish to show that Emily is guilty of negligence. (8 marks) On what legal basis might Parkway Distributors be held legally liable for the injury to the motorist? Explain your answer (5 marks) (Totul 20 marks)