4.2 & 4.3

Question 1

What are some types of risk?

Answer 1

Financial, Economic, Health and safety, Human resources, Production

Question 2

What is the process to analyse risk?

Answer 2

Identify - Analyse - Decide - Manage - Monitor

Question 3

What are three attitudes to risk?

Answer 3

Risk-Averse, Risk-Reducing, Risk-Keen

Question 4

What are the four areas affected by legal obligations?

Answer 4

Finance (reporting), Human resources (wages and hiring), Marketing (misinformation and faults) and Production (health and safety)