Business communication is
• Targeted: Read each question carefully and be sure that what you write answers the question.
• Concise: Note the point value and sentence limit for each question.
• Supported by evidence: Use course theory in conjunction with the article details to answer your questions.
• Error free: Check your grammar, spelling and punctuation for accuracy.
1. Use the TRM model to answer this question: Refer to the article: Risks Under the Big Top. Give an example, from the article,
of each one of the following TRM loss exposures or losses faced by the circus. In each case, you should give the example and briefly
explain (no more than 1 sentence) why your answer is an example of the loss exposure in question. (5 points)
a. Property (1 point: 1 sentence)
b. Personnel (1 point: 1 sentence)
c. Personal (1 point: 1 sentence)
d. Liability (1 point: 1 sentence)
e. Net Income (1 point: about 3 – 5 sentences) (note: Be careful to completely explain the net income loss as discussed in class.)
2. Use the ERM model to answer this question: Refer to the article Stress Test for the Global Supply Chain” refer alsoto the
class notes and the Four Quadrants of Risk
a. Describe the primary ERM risk being discussed in this article. Name the quadrant in which the primary ERM risk you discussed
is classified. Explain why is it in this quadrant? (1 points: 3-4 sentence)
b. Why is identifying interaction of risks important for any firm under the context of globalization? (1 point: 3-4 sentence)
3. Refer to the article:How Goldman Sachs Made Money Mid-Crisis.
a. Describe the objective of risk management in a financial institution (1 point: 1-2 sentences)
b. Explain one reason to conduct firmwide risk management by taking into account the risks from different business units using an
example from the article (1 point: 1-2 sentences)
c. Explain why the risk management is as important as revenue generating for a financial institution(1 points:2-3 sentences)
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