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:

Extinguishes

The process by which a previously learned behavior decreases in frequency or disappears as a result of non-reinforcement.

Edward L. Thorndike

A prominent American psychologist known for his work in behaviorism and the development of the Law of Effect, which suggests that responses to stimuli that are followed by satisfaction are more likely to recur.

Environmental Contingencies

External conditions or situations that affect the outcome of certain behaviors or processes.

Cognitive Maps

The mental representations of physical locations, spaces, or the environment that an individual has.