11 Aug All the text should be in APA format including refernces and

All the text should be in APA format including refernces and should be 350-400 words. Use the citations.attached the PDF as reference and link to textbook https://books.google.com/books?id=LOHhBQAAQBAJ&pg=PR6&lpg=PR6&dq=978-1-118-74618-9&source=bl&ots=ipI6bf3Y41&sig=ACfU3U3k52yOK5cgBHVd0C_-8WF5pbFbPQ&hl=en&sa=X&ved=2ahUKEwi_jqi4m53kAhXjSt8KHa1-CPwQ6AEwAnoECAkQAQ#v=onepage&q=978-1-118-74618-9&f=false1. Chapters30, 31, and 34 presented three mini-case studies on ERM and risk. Eachone presented a slightly different risk scenario. Suppose General Motorswants to replace one of their traditional lines of vehicles withall-electric models. How could GM use game theory to identify and assessthe major risks to this decision? Identify two major risks that wouldresult from GM converting an existing line to an all-electric line.Provide a brief discussion of each risk, and your assessment of thelevels of inherent, current, and residual risk, using GM’s five-pointscale. Tocomplete this assignment, you must do the following: Suppose GeneralMotors wants to replace one of their traditional lines of vehicles withall-electric models. How could GM use game theory to identify and assessthe major risks to this decision? Identify two major risks that wouldresult from GM converting an existing line to an all-electric line.Provide a brief discussion of each risk, and your assessment of thelevels of inherent, current, and residual risk, using GM’s five-pointscale.2. Do you think that companies need to experience a crisis to take risk seriously?