1. The pandemic has made organizations dealt with a risk who few saw it coming. The managerial accounting information plays a very important role in Enterprise Risk Management (ERM) function of a company. Assume you work for global organization; how can managerial accounting help you if: a. The risk pops out in a very small subsidiary in a corner of the world? b. There are several small issues in the production chain that as a whole cause a major problem? c. The risk spreads very quickly throughout the organization? d. Please, provide an example, when it is best to apply it, and in what context you would use the following management approaches i. Routines ii. Rules-of-thumb iii. Improvisation