xamples of operational risk includeMultiple Choicecomputer failurepoor documentationfraudall of the options
Question
Examples of operational risk include
- computer failure
- poor documentation
- fraud
- all of the options
Solution
Operational risk encompasses various types of risks that can arise from internal processes, people, and systems or from external events. In this case, let's analyze the provided options:
- Computer Failure: This represents a significant operational risk since it can disrupt business operations.
- Poor Documentation: This can lead to misunderstandings and errors in processes, also constituting an operational risk.
- Fraud: Any unauthorized action or manipulation of processes is a clear example of operational risk.
Final Answer
The answer is all of the options since each option listed is a valid example of operational risk.
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