Chaos State Bank Has an Old Computer System Which Can

question 78

Multiple Choice

Chaos State Bank has an old computer system which can go down for weeks at a time,leaving customers unable to access their accounts online.Many customers have left the bank for banks with more reliable computer systems.Which type of risk would this be an example of?

• A)Operational risk
• B)Legal risk
• C)Compliance risk
• D)Strategic risk
• E)Reputation risk

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Definitions:

Coelom

A fluid-filled body cavity in many animals, located between the intestinal canal and body wall, lined by tissue derived from mesoderm.

Ectoderm

The outermost layer of cells or tissue of an embryo in early development, giving rise to the nervous system and skin.

Coelom

A fluid-filled body cavity found in most multicellular animals, located between the intestinal canal and the body wall, and surrounded by mesoderm tissue.

Endoderm

The innermost layer of cells or tissue of an embryo in early development, giving rise to the lining of the gut and the associated structures.