1.OftheHindu-Arabicnumberingsystem.theProtestantreformation, and the contribution ofPaccioli,some people think Paccioli was the most important for understanding risk management.Do you agree?Explain your reasoning.

2-2.A golf club offered a$1 million-dollarprize forany golfer in atournamentwho hit a hole in one. This is foolish in terms ofrisk management because it could bankrupt theclub if three people hit a hole in one in thetournament.Do you agree?Explain your reasoning.

2-3.It can beargued that the start of risk management began with either Thomas Newcomen, James Watt, or George Stephenson. Which one created the greatest risk to be managed. Justify youranswer.

2-4.In the 19th century, critics claimed that theHartford Steam Boiler Inspectionhad a conflict of interest when it both inspected and insured boilers.Do you agree?Explain your reasoning.

2-5.The text argues that Henry Ford created both automobile and non-automobile risk. Thus, he should berecognized as the"Father of Risk Management."Do you agree?Explain your reasoning.

2-6.Of the Will Rogers'quotes on risk management, which is your favorite?Explain your reasoning.