1.1 A reputable food manufacturer produces a popular snack that is sold across the world. It carries awarning label on the package stating that the snack contains nuts which can cause an allergic reaction in some cases. This is to make anyone who is considering eating this snack aware of theingredients in case they have an allergy to nuts, and the possible side effects they may suffer should they be allergic to nuts. What kind of risk management strategy is the manufacturer of thissnack using? Select ONE of the following options: a) Transfer b) Avoid c) Reduce d) Accept (2) 1.2 Which ONE of the following issues, related to risk management, will the COSO enterprise riskmanagement framework NOT help to address? 1.2.1 Allocation of resources to suitable projects 1.2.2 Management of the risk associated with stakeholder conflicts. 1.2.3 Embedding risk management in the culture of the organisation 1.2.4 Helping an organisation decide whether to reduce, eliminate or transfer a particular risk (2) 1.3 Indicate to which combination of the below groups, the management of an organisation is required to report its risk to. (1) Shareholders (2) Lenders (3) Customers (4) Suppliers (5) Government (6) Employees a) Groups (1) and (2) b) Groups (1), (2) and (3) c) Groups (2), (3), (4) and (5) d) Groups (1), (2), (4), (5) and (6) (2)