1. Describe the concepts of disruptions and risks as they apply to transportation. Why are they important from financial and service standpoints? 2. Risk management consists of a series of steps...

1. Describe the concepts of disruptions and risks as they apply to transportation. Why are they important from financial and service standpoints?

2. Risk management consists of a series of steps that should be followed to reduce the consequences of disruptions. Briefly discuss these steps.

3. Is risk a natural phenomenon or a manmade problem in transportation? Briefly defend your perspective.