Question 3 A good risk management framework should contain risk response strategies for responding to risks in an organization. Against this background, you are required to prepare a framework of risk response strategies which will serve as a guide for responding to risk while managing risks in your organization. You are also required to explain your risk response framework to enable the top management in your organization have a better understanding of the newly prepared risk response framework. Preparation and presentation of framework. (5 marks) Explanation of the framework