What are the affecting factors which influence operational activities as well as the Operational risk..

RISK MANAGEMENT

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Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]

A	Nature of the company
B	Laws and regulations
C	Stekaholder Value
D	All the above three factors

Explanation:

Detailed explanation-1: -Operational risk is the risk of losses caused by flawed or failed processes, policies, systems or events that disrupt business operations. Employee errors, criminal activity such as fraud, and physical events are among the factors that can trigger operational risk.

Detailed explanation-2: -There are five categories of operational risk: people risk, process risk, systems risk, external events risk, and legal and compliance risk.

Detailed explanation-3: -In this chapter, we discuss the three pillars of operational risk management: capital allocation, transfer of operational risk through insurance, and proactive mitigation of operational risk through product inspection and quality control.

Detailed explanation-4: -A company’s systems, infrastructure, storage availability and network processing are operational risk factors.

There is 1 question to complete.

BUISENESS MANAGEMENT

RISK MANAGEMENT