Most of the examples in the text are medium or large companies. Think about the concepts of risk which are part of this section of the course in the context of the size of a firm.

1. Would these concepts change if the firm were small? Medium-sized? Large?
2. Why or why not?
3. Using a specific small firm as a concrete example, how would a firms management change its approach to risk management as this small firm increased in size?
4. How might the owners respond to changes in risk as the firm grew?
5. Would these changes related to risk management differ if a different industry were involved? Why or why not?