Question 1Develop an example of a compliance risk and opportunity risk. You may choose any type of business/industry etc.

Question 2a) Describe and explain the differences between the likelihood and magnitude (impact) of risks. b) Describe and explain why is this information important as part of the risk management process?

Question 3Describe and explain the concept of "risk and reward". Include an example that supports your answer.

Question 4Can the risk management process be completed in isolation? Please explain your answer