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    Question

    Due to the fire in the building, the office was closed for next 4 days. The sales went down due to lack of customer engagement. What type of risk is this?

    A Natural Risk Correct Answer Incorrect Answer
    B Management Risk Correct Answer Incorrect Answer
    C Operational Risk Correct Answer Incorrect Answer
    D Market Risk Correct Answer Incorrect Answer
    E None of the above Correct Answer Incorrect Answer

    Solution

    Operational risk is the prospect of loss resulting from inadequate or failed procedures, systems or policies. ·         Employee errors ·         Systems failures ·         Fraud or other criminal activity ·         Any event that disrupts business processes

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