Discussion Question (a) Who defines the “risk tolerance” in a properly or improperly managed system? (b) What is the regulatory foundation for business decision-making and determining an acceptable...

Discussion Question

(a) Who defines the “risk tolerance” in a properly or improperly managed

system?

(b) What is the regulatory foundation for business decision-making and determining an acceptable risk tolerance?

(c) How does a food fraud versus a food safety incident impact the risk tolerance and ERM-based decision-making?