We appreciate your visit to The use of risk quadrants to identify and categorize risk can provide a framework for holistic risk identification Which quadrant includes risks such as Loss. This page offers clear insights and highlights the essential aspects of the topic. Our goal is to provide a helpful and engaging learning experience. Explore the content and find the answers you need!
Answer :
Answer:Operational risk
Explanation:
Operational risk is the possibility of loss which can result from inadequate or failed procedures, systems or policies. Employee errors, Systems failures,Fraud or other criminal operational risk is any event that is capable of disrupting business processes.
Therefore,loss of production due to a key supplier not delivering raw materials or a mechanical breakdown of equipment will affect the business process ,so we classify it as operational risk .
Thanks for taking the time to read The use of risk quadrants to identify and categorize risk can provide a framework for holistic risk identification Which quadrant includes risks such as Loss. We hope the insights shared have been valuable and enhanced your understanding of the topic. Don�t hesitate to browse our website for more informative and engaging content!
- Why do Businesses Exist Why does Starbucks Exist What Service does Starbucks Provide Really what is their product.
- The pattern of numbers below is an arithmetic sequence tex 14 24 34 44 54 ldots tex Which statement describes the recursive function used to..
- Morgan felt the need to streamline Edison Electric What changes did Morgan make.
Rewritten by : Barada
Answer:
The options are given below:
A. Hazard risk
B. Strategic risk
C. Operational risk
D. Financial risk
The correct option is C. Operational risk
Explanation:
Operational risk refers to the possibility of incurring losses due to any or a combination of the following:
- loss of production
- breakdown of equipment
- errors by employees
- systems failures
- criminal activity
- catastrophic events
- internal and external fraud
- failure to adhere to internal policies
- political upheavals
- computer hacking
- any event that disrupts business processes.
The list is endless, as there are countless internal and external forces that constitute risk(s) to a business.
