In order to evaluate risk, management may also set qualitative risk classes. Rank these four projects from least risky to most risky, all other things being equal.

Completely new market in United States.

Completely new market in South America.

Addition to normal product line.

Repair to old machinery.

Multiple Choice

$4,3,1,2$

$1,2,3,4$

$3,4,1,2$