LET'S LEARN! 📚

## TYPES OF BUSINESS RISKS 

![Risk Management-02](//images.ctfassets.net/r30ratzbtbbf/6ESO7uynSGQoBYBGXGeFfy/7627f2f41a4a6b434418b500618f2d84/Risk_Management-02.png)

<table>
 <tr>
 <td>a. Economic </td>
 <td colspan="3">the economy's condition and how it impacts the business</td>
 </tr>
 <tr>
 <td>b. Financial</td>
 <td colspan="3">incompetent financial decisions/unwillingness of investors to continue funding the company</td>
 </tr>
 <tr>
 <td>c. Human</td>
 <td colspan="3">its employees or managers might make a harmful mistake</td>
 </tr>
 <tr>
 <td>d. Regulatory</td>
 <td colspan="3">its activities might be restricted in new ways, or become illegal </td>
 </tr>
 <tr>
 <td>e. Environmental</td>
 <td colspan="3">its activities might damage rivers, the atmosphere, etc. </td>
 </tr>
 <tr>
 <td>f. Reputational </td>
 <td colspan="3">its activities or behavior might be criticized, with its performance suffering</td>
 </tr>
</table> 

LET'S READ! 📖

__Direction:__ Read the article and answer the comprehension questions.

### ARTICLE

![23-BE-Risk Management](//images.ctfassets.net/r30ratzbtbbf/4dUX69z7pUxHY4A5wddZAv/87f8ff1f33906b653612e9afe2193720/Blue_And_White_Illustrative_Professional_Marketing_Agency_Company_Newsletter.png)

<div class="parts-question">
 <h3 class="parts-question-title parts-text-red">QUESTIONS</h3>
 
1. Why is risk assessment important in risk management?
 
2. Why is continuous monitoring and review crucial in risk management? 
</div>

LET'S PRACTICE! 📝

## 👂🏻 Listening Exercise

__Direction:__ Listen to the audio and provide the information asked.
 

<audio controls preload="metadata" controlslist="nodownload" src="https://assets.ctfassets.net/r30ratzbtbbf/4dDpN5VoahSgW8jAexBI88/c33c6ae4315761f7aadc0fccd2c06085/Untitled_Project__66_.mp3"/>
 
 Complete the chart with the correct information.

![ARTICLE 3-05](//images.ctfassets.net/r30ratzbtbbf/itYDJE6psNXzS4UISjOrh/501707864665801d950b41ece2f1cb5b/ARTICLE_3-05.png)
 

## 🗣 Speaking Exercise

__Direction:__ Talk about the internal and external risks in your company and how you would approach them.
 

| INTERNAL RISK | EXTERNAL RISK |
| ---------- | ---------- |
| | |

Tabisuta Level: A | Can learn about the different risks involved in business.  Can be acquianted with common risk situations and how to handle them.  Can discuss how risks could be beneficial or harmful. 

a. Economic	the economy's condition and how it impacts the business
b. Financial	incompetent financial decisions/unwillingness of investors to continue funding the company
c. Human	its employees or managers might make a harmful mistake
d. Regulatory	its activities might be restricted in new ways, or become illegal
e. Environmental	its activities might damage rivers, the atmosphere, etc.
f. Reputational	its activities or behavior might be criticized, with its performance suffering