Activity 3.1: Identification of Risk Provide an example for each loss exposure discussed which can be seen in real life.Human resources loss exposures Crime loss exposures - Employee benefit loss exposures - Foreign loss exposures Intangible property loss exposuresDraw a flowchart of the Risk Management Process and briefly discuss each stage in the process. Discuss thoroughly at least three (3) reasons why the presence of risk is a burden to our society. The presence of hazard consequences in precise undesirable social and economic effects. Risk entails significant responsibilities to society