The Basel Committee Defines Operational Risk as the Risk of Loss

question 30

Multiple Choice

The Basel Committee defines operational risk as the risk of loss resulting from:

• A)changes in interest rates.
• B)changes in inflation.
• C)inadequate internal processes.
• D)excessive default risk.
• E)inadequate capital.

Discuss the benefits and limitations of forming a cooperative and how profits are distributed among its members.

Grasp the legal and operational distinctions between business trusts, joint stock companies, joint ventures, and syndicates.

Understand the implications of fraud and legal responsibility between partnering businesses in undertakings like publishing and marketing.

Understand the physiological and psychological principles of sensation and perception.

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Definitions:

Augmented Reality (AR)

A technology that superimposes a computer-generated image on a user's view of the real world, providing a composite view.

Internet of Things (IoT)

A network of physical objects—devices, vehicles, appliances—that uses connectivity to exchange data and automate processes.

Digital Assistant

An AI-based tool that can understand natural language and perform tasks or services for an individual, such as answering questions or organizing schedules.

CAM Technology

Computer-Aided Manufacturing technology which utilizes software and machinery to facilitate and automate manufacturing processes.