The BIS Definition: "The Risk of Loss Resulting from Inadequate

question 13

Multiple Choice

The BIS definition: "the risk of loss resulting from inadequate or failed internal processes,people,and systems or from external events," encompasses which of the following risks?

• A)Credit risk and liquidity risk
• B)Operational risk and technology risk
• C)Credit risk and market risk
• D)Technology risk and liquidity risk

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Definitions:

Autocratic Style

A leadership style characterized by individual control over all decisions and little input from group members.

Performing

The fourth stage in group development, characterized by high efficiency, organization, and collaboration among team members towards meeting the group's objectives.

Understood

Acknowledged or comprehended without the need for explicit statement or instruction, often within the context of communication.

Terminal Values

Fundamental beliefs that a person holds regarding the goals they aim to achieve in life; considered end states of existence.