both needs to be answered

34 a) The three steps to understanding the risk process for a firm include __ risk awareness, __ risks, and ___ risks within an acceptable range.

Select one: a. promoting, measuring, eliminating b. eliminating, averaging, controlling c. promoting, measuring, controlling d. diffusing, averaging, eliminating

34 b) Which of the following describes a firm's strategic risk?

Select one: a. It is based on the probability that financial and operating results fail to meet strategic expectations b. It is based on the probability that the firm's strategy to manage required payments on times succeeds c. It is based on the strategy that market forces move against the market value of the firm d. It is based in part on the importance of the company's mergers and acquisitions plan