BUISENESS MANAGEMENT
RISK MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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What are the sources of operational risk?
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Technology, property, equipment, personnel, competitors, natural disasters, government policy, suppliers and outsourcing
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Interest rate risk, FX risk, liquidity risk, credit risk and capitalrisk
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Technology, property, equipment, interest rate risk
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Interest rate risk, FX risk, liquidity risk, government policy, suppliers and outsourcing
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Explanation:
Detailed explanation-1: -Operational risk can occur at every level in an organisation. The type of risks associated with business and operation risk relate to: • business interruption • errors or omissions by employees • product failure • health and safety • failure of IT systems • fraud • loss of key people • litigation • loss of suppliers.
Detailed explanation-2: -There are five categories of operational risk: people risk, process risk, systems risk, external events risk, and legal and compliance risk.
There is 1 question to complete.