Operational Risk Includes Which of the Following

question 52

Multiple Choice

Operational risk includes which of the following?

• A)Failure of bank's computer system
• B)Closure of a bank for three months due to flooding from a major hurricane
• C)Embezzlement of funds of a bank by a teller of the bank
• D)Closure of a bank for two weeks due to a fire from a lightning strike
• E)All of the options are correct.

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Definitions:

Cultural Practices

Refers to the habits, rituals, and traditions specific to a community or society that reflect their values, beliefs, and way of life.

Distinctive Sets

Collections of elements or items that are clearly different or distinguished from others in specific ways.

Occupations

The various professions, jobs, or ways individuals earn a living and contribute to the economy.

Ancestry

The lineage or historical lineage of a person or group, tracing back generations.