Question

1. Which one of the following categories of operational risk includes many risks which are hazard...

1. Which one of the following categories of operational risk includes many risks which are hazard risks or other forms of insurable

risk?

A. People

B. Process

C. Systems

D. External events

2. the process of comparing the key risk indicators of an organization with those of other organizations in the same industry is known

as...

A. Trend analysis

B. Hedging

C. Root cause analysis

D. Benchmarking

What is the right answer for these two quesations?

Business   Operations-Management   
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Homework Answers

Answer #1

1) Which one of the following categories of operational risk includes many risks which are hazard risks or other forms of insurable risk?

Answer: Option (A) - People

Explanation: Although operational risks does not fall under the purview of hazardous risk, the risk arising from people includes many risks which are hazard risks or other forms of insurable risk.

2) The process of comparing the key risk indicators of an organization with those of other organizations in the same industry is known as

Answer: Option (D) - Benchmarking

Explanation: Benchmarking is the process of comparing the processes, systems, policies, products, services, etc. of one organization with the best organization, i.e. the market leader in the same industry.

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