Vidyalelo
Management · Q160

International Finance and Treasury

Graduate and Post Graduate · Management · question 160

Q160

Risk arises when technology system may got malfunction is classified as

A.
system risk
B.
technology risk
C.
operational risk
Answer
D.
support risk

Answer: Option C

Solution

Answer: Option C
Solution:
Risk arises when technology system may got malfunction is classified as operational risk. Operational risk is the prospect of loss resulting from inadequate or failed procedures, systems or policies. Employee errors. Systems failures. Fraud or other criminal activity. Any event that disrupts business processes.