*ACTIVITY 2.1: Definition of Risk Gather three (3) more definitions of Risk from different authors either local or foreign. State the book or title of the article and year of production/ copyright. You may use various references e.g. books, articles, dictionaries, online blogs, videos/ vlogs or PDFs, eBooks etc.Activity 2.2: Peril and Hazards Aside from the above stated examples, provide few more situations where peril and hazard are present. Give examples/s for each type of hazard.Activity 2.3: Opportunity- Case Study Write down at least three (3) scenarios where a risk becomes an opportunity and explain why. These could be incidents in a business or real situation.*Activity 3.2: Risk Assessment Approach 1 Compare and contrast Top-down Vs. Bottom- Up Approach. *Activity 3.3: Risk Assessment Approach 2 Say you are the CEO of a company and there came a time when several risks are present. Which of the two approaches would you implement and explain?*Activity 3.4: Risk Matrix List down at least four (4) of your possible personal risks. Identify the Likelihood it would happen and the Impact of this by giving them a range from 1 (lowest) to 5 (extreme) and plot them in a risk matrix.*Activity 4.1: Risk control Provide the benefits/ advantages of each of the Risk Control techniques.*Activity 4.2: Risk Financing Tabulate the advantage and disadvantages of each of the Risk Financing technique.*Activity 4.3: 4Ts of Risk Response Enlist at least one (1) example of a personal risk for each of the 4Ts and give your proposed solution for such identified risk. Example: Transfer - hospitalization and illness expense. Solution: Purchase an insurance coverage with Critical illness rider to transfer the risk.Ill. Essay. 15 Points 1. Say you are the CEO of a company, which approach of risk assessment would you choose and why. (5 points) 2. Draw a flowchart of the Risk Management Process and discuss briefly each stage in the process. (10 points)