help with 4 questions

1Why might it be in a firm’s best interest to centralize the management of some risks but not others?
2Describe why the organizational status quo might lead to resistance to ERM implementation. How can this potential resistance be overcome?
3What are the key financial risk factors that a company could encounter?
4For which risk factors would it be advisable to use Monte Carlo simulation to quantify the distribution of outcome?

Here is the link to the book, the case is on chapter 4

400-600 words, only cite the book