The above question should be at least 300 words with 4 citations and APA format(with proper grammar)Q2:In approximately 300 words, answer the question below.Question: Elaborate on a scenario when it would be acceptable to use the “wait and see” approach to manage risk.Requirements:Use of proper APA formatting(proper grammar) and 4 citations is required.If supporting evidence from outside resources is used proper citation is required.Your submission should largely consist of your own thoughts and ideas but may be supported by citations and references.