Suppose a firm faces a risk that is both very high frequency…

Suppose a firm faces a risk that is both very high frequency and very high severity. Unfortunately, this risk is associated with an activity that is essential to its business operations, meaning the activity must be continued or the business simply will not be able to operate at all.  Which of the following risk management strategies should this firm utilize to manage this difficult loss exposure?

The Cool Corporation is a medium sized business that has an…

The Cool Corporation is a medium sized business that has an annual revenue of $25 million. The Cool Corporation faces a loss exposure = the probability of this loss exposure occurring is 0.001%. However, if the loss exposure does occur (although very unlikely) it will result in $25 million in damages. Which risk management option should the Risk Manager of The Cool Corporation choose for this loss exposure?

Throughout this semester, there have been many examples to i…

Throughout this semester, there have been many examples to illustrate the issues with a lack of knowledge in relation to environmental issues or issues surrounding waste management and recycling of the general public. This issue alone is perhaps one of the largest barriers that must be overcome for the U.S. to improve rates of recycling. Recognizing the myriad of potential reasons for this lack of education, if you were tasked with the job of increasing recycling rates in the U.S., what would be the first step you would take in an effort to “educate the masses”? (3 points)