Operational Risk Is More Difficult to Manage Than Market Risk

question 41

True/False

Operational risk is more difficult to manage than market risk and credit risk.

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Definitions:

Credibility

The quality of being trusted and believed in, often used in contexts relating to individuals, organizations, and information sources.

Gulf of Tonkin Resolution

A 1964 Congressional resolution that authorized President Johnson to use military force in Vietnam without a formal declaration of war, significantly escalating U.S. involvement in the Vietnam War.

War-Making Powers

The legal and constitutional powers granted to a government or its branches, particularly the executive, to declare and conduct war.

Hawks

Individuals or groups, often within politics, who advocate for an aggressive, military-based foreign policy stance.