Task: Evaluating the Effects of Risk
Risk lies at all levels of business activity. There are many different types of risks within an organization as well as ways to manage those risks.
(1) Discuss and evaluate the concepts of risk and management.
(2) Discuss how organization's risk is spread over many facets of the organization.
(3) How does risk translate to an organization's financial statements? Provide two specific examples.
Please make sure to enumerate answers to correspond to the numbers assigned to each question.