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NEW QUESTION: 2
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D. Cold
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NEW QUESTION: 3
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B. They respond to specific events
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D. They are measurable
Answer: C
Explanation:
Explanation/Reference:
Explanation:
NEW QUESTION: 4
An interruption in business productivity is considered as which of the following risks?
A. Operational risk
B. Reporting risk
C. Legal risk
D. Strategic risk
Answer: A
Explanation:
Explanation/Reference:
Explanation:
Operation risks encompass any potential interruption in business. Operational risks are those risk that are associated with the day-to-day operations of the enterprise. They are generally more detailed as compared to strategic risks. It is the risk of loss resulting from inadequate or failed internal processes, people and systems, or from external events. Some sub-categories of operational risks include:
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Information security risks
Production, process, and productivity risks
Profitability operational risks
Business interruption risks
Project activity risks
Contract and product liability risks
Incidents and crisis
Illegal or malicious acts
Incorrect Answers:
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D: Strategic risks have potential which breaks in obtaining strategic objectives. Since the strategic objective will shape and impact the entire organization, the risk of not meeting that objective can impose a great threat on the organization.
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