Identify at least 3 different contracts used in your business.

Written Contract: Contracts relating to land, including sales and leases of land (Breen et al., 2022).

Example: FedEx purchases land to build a FedEx facility.

Standard Contract: Employment contracts

Example: Contract stating written and detailed description of the job, number of hours of work per week, wage rate, overtime rate, etc. signed by both FedEx employer and employee.

Electronic Contract: Contracts in electronic form are recognized as being equally valid as contracts in the other two accepted forms (Breen et al., 2022).

Example: Customer purchases from a third-party online shopping website and selects FedEx as the shipping delivery method.

Standard Contract: Shipping Contract

Example: Customer ships package out through FedEx and shipping contract outlines parties' liability in case of damage or loss of cargo.

Written Contract: Import/Export Agreements

Example: Businesses agree to import or export goods to each other overseas through FedEx.

Identify two current issues relating to your business that arise from contracts.

Currently, there is a dispute between the pilot and FedEx, due to a contract dispute (Garland, 2022). This contract dispute is about the pilot's employment contract, specifically about their retirement and salary issues. The Contract negotiations started in May 2021 and in November 2021 the pilots' current contracts became amendable (Garland, 2022). If this issue is prolonged, it can lead to a strike and an immediate stop of all operations since FedEx relies on their pilots to deliver their packages. To help mediate the problem, both the company and the pilots have filed federal mediations to help mend the problem about their contracts between the two parties.

In 2019, FedEx has ended its ground shipping contract with Amazon. FedEx wants to remove their ties with the e-commerce giant, Amazon, to focus more on the broader e-commerce market (Liptak, 2019). Amazon is also becoming an indirect competitor with FedEx due to Amazon Prime (Liptak, 2019). FedEx made this decision to focus and create more options for their customers. The outcome of this dispute lead to FedEx releasing a better and more efficient service for their customers such as releasing their new service "Extra Hours" (Liptak, 2019). It is a new program to ship packages faster and more efficiently.

Complete the Risk Severity Matrix

Risk	Risk Level	Risk Likelihood	Category
Probability	HARM SEVERITY
Minor	Marginal	Critical	Catastrophic
Certain
Likely
Possible
Unlikely
Rare
Eliminated

Key:

Very high

High

Medium

Low

Eliminated

Complete the Risk Response Plan. This should respond to all issues raised above and contain a detailed plan for monitoring, documenting, and training to reduce risks in this area.

Identified Risks	Root causes	Risk Impact	Risk Response	Risk Tracking
Employment contract	Dispute about retirement and salary issues between the pilots and FedEx	If this issue is prolonged, it can lead to a strike and an immediate stop of all operations	Transfer - transfer the decision to Federal regarding the contract dispute between the pilots and FedEx	High (Likely)
Electronic contract				High (Likely)
Shipping contract	FedEx cut off ties with ecommerce giant, Amazon	FedEx releasing a better and more efficient service for their customers	Accept - had a good outcome of releasing new program to ship packages faster and more efficiently	Low (Possible)
Import/Export Agreements				High (Certain)
Contracts relating to land, including sales and leases of land				Medium (Certain)

Question all things are given please fill the risk severity matrix chart.