Q1...How does risk impact decision-making? List the types of risk that impact business decision-making and provide suitable examples for each type of risk in the context of an organization

Note: Your answer must include suitable examples for each type of risk.

Q2. Suppose that you are working in a company as a cost manager that is making a single product. Determine the following values of your own for this product:

Selling price per unit

Variable cost per unit

Fixed cost

Target profit for next year

After determining the values for the above, find out:

a) Break-even point in units.

b) Break-even point in sales value.

c) Units needed to reach target pretax profit (as decided by you in your example).

d) Sales value required to reach target pretax profit (as decided by you in your example).

Note: You are required to assume values of your own and they should not be copied from any sources.