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Jasper Co. is a manufacturer of fishing and hunting products. The company has three business segments: outdoor boats, motors and boat accessories, and hunting equipment. Jasper's markets are highly competitive with price and product quality being key drivers. Jasper is the third - largest producer of aluminum fishing boats in the U.S. market. The senior management of Jasper Co. recently hired an outside consulting firm to identify risks pertaining to the company's operations. The outside consultant provided a formal risk report to senior management, shown in Exhibit 1. Management's responses to the risk report are outlined in Exhibit 2. Both exhibits are provided in the Resources tab. Complete the table below using the information included in the exhibits. In the second column, identify the type of risk response that senior management has recommended for each of the risks identified by the outside consultant. Risk Avoidance, Risk Sharing, Risk Reduction, or Risk Acceptance In the third column, identify the type of risk (if any) that the enterprise will be exposed to if the management recommendations are implemented. Inherent Risk, Residual Risk, or No Risk Jasper Co. is a manufacturer of fishing and hunting products. The company has three business segments: outdoor boats, motors and boat accessories, and hunting equipment. Jasper's markets are highly competitive with price and product quality being key drivers. Jasper is the third - largest producer of aluminum fishing boats in the U.S. market. The senior management of Jasper Co. recently hired an outside consulting firm to identify risks pertaining to the company's operations. The outside consultant provided a formal risk report to senior management, shown in Exhibit 1. Management's responses to the risk report are outlined in Exhibit 2. Both exhibits are provided in the Resources tab. Complete the table below using the information included in the exhibits. In the second column, identify the type of risk response that senior management has recommended for each of the risks identified by the outside consultant. Risk Avoidance, Risk Sharing, Risk Reduction, or Risk Acceptance In the third column, identify the type of risk (if any) that the enterprise will be exposed to if the management recommendations are implemented. Inherent Risk, Residual Risk, or No Risk

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