BUISENESS MANAGEMENT
RISK MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Operational risk, reputation risk and Shariah risk are classified under ____
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Financial risks
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Non-financial risk
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Systemic risk
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Unsystematic risk
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Explanation:
Detailed explanation-1: -Non-financial risks include: Operational risk (Op risk). In case that Op risk is considered a part of NFR (and not as equivalent), Op risk summarizes e.g. those risks which can be quantified by the use of scenario models. Examples are pandemics, floods and other weather events.
Detailed explanation-2: -This is included in the category of financial risk. There are at least 4 risks included in it, namely income risk, expenditure risk, asset or investment risk, and credit risk.
There is 1 question to complete.