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For Marauder corporation, make a risk matrix with risk names in the column which risk high, medium, or low. Question and example of risk matrix

For Marauder corporation, make a risk matrix with risk names in the column which risk high, medium, or low. Question and example of risk matrix attached:

Question: Marauder Corporation operates a chemical plant in northern Michigan. The terms of a state-issued permit require Marauder to test and report on the water quality of a nearby creek each quarter. Marauder has contracted with a lab in New Jersey for the past five years to test water samples taken from the creek. No chemicals from Marauders operations have ever been detected in the creek.

Approximately two weeks ago, the New Jersey lab experienced a fire and notified Marauder that it might not be able to complete the latest tests on time. To ensure that it filed the state-mandated report on time, Marauder sent the latest quarters samples to both the New Jersey lab and to a lab in Grand Rapids. The Grand Rapids lab report indicated the presence of a dangerous chemical in the creek that could only have come from Marauders plant. The New Jersey labs report arrived prior to the deadline for reporting to the state, but does not mention the presence of the dangerous chemical.

In a routine internal audit, an auditor discovered that the plant superintendent filed the report with the state using the New Jersey lab report without mentioning the findings of the Grand Rapids lab. The auditor also found that the CEO had been informed about the Grand Rapids lab report and directed the plant supervisor to ignore it.

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low medium high Likelihood - low medium medium low low low Impact

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