Question 1: Sometimes, risk workshops produce so many risks that they cannot all be adequately assessed. In other situations, too few risks are identified, which allows for an in-depth assessment. What are the advantages and disadvantages of these two scenarios?
Question 2: What is inherent risk? How could it help and/or hinder the assessment of risk? Provide an example of inherent risk. Do not use Investopedia to answer this question.
Question 3: How does voting technology work in the ERM environment? Discuss the advantages and disadvantages of using voting technology compared with other approaches such as those described in this case study.