The meeting of representatives for the purpose of writing laws and advising the king became

The answer in the space provided is parliament. Parliament is being define has having sovereign or house of lords, or having to gain highest legislature in which would likely happen when meeting of representatives for the purpose of writing laws and when advised to the King.

due to inefficiency of management, the business plan has failed

idk what right product means but i assume it's this one since this was the last one left after i did the other three

the finance team has misjudged the requirement of business plan and chosen a wrong line of credit

operations risk is when the employees make a mistake

flash floods have damaged all machinery in the main manufacturing

natural disasters include anything ruined in the business by the weather or other disasters such as earthquakes

there have been foreign exchange rate fluctuations

economic risks is when things in the economy changes (like interest rates, currency value). the government has a large part in controlling this