Please answer both they are part of one question

44 a) The _____ component of ERM requires that management acts as a _____.

Select one: a. Portfolio management, fund manager b. Risk transfer, fund manager c. Portfolio management, risk silo d. Portfolio management, commodities trader

44 b) The line management component of ERM incorporates expected losses and cost of risk capital into production pricing and the ____.

Select one: a. hurdle rate b. rate of inflation c. staff rather than the line positions when it aligns the production process with the corporate risk policy. d. market interest rate