Question $1.$ Critically discuss the concept of operational risk in the context of risk management. Provide examples of operational risks that organisations can employ to mitigate or manage these risks effectively. $(30$ Marks$)$

Question $2.$ Critically discuss the significance of corporate risk factors in the context of business operations. Using Apple Inc. $,$ provide examples of common corporate risk factors thatborganisations may encounter and advise the companies how they can proactively identify, assess, and mitigate these risks to ensure sustainable growth and success. $(40$ marks$)$

Question $3,$ Consider a manufacturing company that specialises in producing electronic gadgets. The company is expanding its operations to introduce a new product line in a highly competitive market. As a risk manager, outline how the company could apply the four risk response strategies to address potential risks associated with this expansion. Provide specific examples for each strategy and critically evaluate the factors that would influence the company's choice of response strategy for different types of risks in this scenario. $(40$ Marks$)$