In the scenario assignments, you are asked to reflect on responses to the presented scenario. This should not just be writing down your first reaction or what you already know. Reflection involves critical thinking, which means rethinking your existing knowledge and previously held opinions in light of what we have learned about theories of ethics, logic, and reasoning. You will need to question your existing knowledge and beliefs. To complete each scenario assignment: Complete the entire scenario. Compose your reflection in a Word document and be sure to address, at a minimum, the following questions: Why do you feel the way you do about the issue presented?Of the four responses offered in the scenario, which do you feel is the most ethical and why? Support your conclusions with evidence and specific examples from the textbook, as well as other sources as needed.Your reflection must be 1-2 pages in length and follow APA formatting and citation guidelines as appropriate.Click to view the Ethics of Abortion scenario.

Evaluate the components of operational risk and the application of corresponding risk management plans.InstructionsLTD Acceptance is a private property and auto insurance carrier that specializes in sports cars and motorcycles. This organization is owned by LTD Capital, a large equity group with over 15 holdings. LTD Acceptance is the parent company's single largest holding as it drives 70% of total revenue. Due to the inherent risk involved in that segment of the market, many of LTD Acceptance's competitors do not offer policies for sports cars or motorcycles. This market segment is underserved which is why the organization has 20,000 active policies for a sports car or a motorcycle.LTD is headquartered in Houston, TX. LTD does not sell insurance directly to the public. Instead, it uses third-party agents to sell its policies. LTD handles all customer service needs including claims intake, policy services, and general questions. The company operates in four states: California, Texas, Louisiana, and Florida. Currently, LTD does not have an active system in place to ensure that its agents are in fact using LTD guidelines to screen potential policyholders. However, no evidence of negligence has emerged so far as the organization has yet to have a year in which it was not profitable. LTD has also had the good fortune of not suffering losses because of natural disasters or catastrophic events.Organizations in every sector experience breakdowns or failures that compromise the efficiency and efficacy of their operations. This concept is defined as an operational failure. Operational failures have a direct and adverse impact on profitability. As such, the shareholders want assurance that the risk management team is actively working on mitigating the occurrence of these failures. As the newly hired senior risk analyst, you are responsible for outlining a plan to do just that. For this deliverable, provide a report to your supervisor which provides a framework for managing operational risk exposures. Your report should include the following:Explain why the operational losses cannot be broadly managed. Why do they have to be categorized?For each operational risk exposure listed below, provide at least two examples of potential losses from the exposure and reasons why you need to manage it.Internal fraudExternal fraudEmployment practices and workplace safetyClients, products, and business practicesDamage to physical assetsBusiness disruption and system failuresYour conclusion should align the effective management of operational risk exposures with organizational effectiveness. APA format. Please pay special attention to the grading rubric below and make sure all is met: Mastery A thorough explanation with specific examples is provided that details why operational losses cannot be broadly managed. A thorough explanation with specific examples is provided that details why operational losses need to be categorized. More than two examples of potential losses from each category are provided AND a thorough explanation of why there is a need to manage each is provided. Conclusion uses specific examples with full explanations that show how effective management of operational risk exposures aligns with organizational effectiveness.