Which of the Following Are Typical Operational Risk Sources

question 5

Multiple Choice

Which of the following are typical operational risk sources?

• A)employee fraud
• B)back-office failures
• C)general technological glitches
• D)All of the listed options are correct.

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Definitions:

Record Keeping

The process of maintaining accurate and systematic records of an organization's financial transactions and other significant events.

Timeliness

The quality of being done within a desirable time frame or deadline, often crucial for decision-making or reporting.

Purchases Journal

A record of all credit purchases made by a business, used to track and manage inventory acquisition.

Beverage Supplies

Items and ingredients used in the preparation and sale of drinks, often accounted for in businesses that serve food and drink.