Paper Problem
• Differentiate between ECONOMIC RISK and LEGAL RISK (how are they similar and different?)
• Differentiate between LIKELIHOOD and SEVERITY (how are they similar and different?)
• When it comes to RISK, what do the four OPTIONS look like?
o ACCEPT (what is someone doing if they accept the risk?)
o AVOID (what is someone doing if they avoid the risk?)
o REDUCE (what is someone doing if they reduce the risk?)
o TRANSFER (what is someone doing if they transfer the risk?)
The response should include a reference list. Using double-space, Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.