Exam (elaborations)

RSK ASSESSMENT 2 2024 SEMESTER 2 When implementing operational risk management in a business, external events which can occur outside the business must be taken into consideration. These events may require a business to have response strategies in the f

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Course
Enterprise Risk Management (RSK2601)

Institution
University Of South Africa (Unisa)

RSK ASSESSMENT 2 2024 SEMESTER 2 When implementing operational risk management in a business, external events which can occur outside the business must be taken into consideration. These events may require a business to have response strategies in the form of … A. project and knowledge mana...

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Uploaded on September 24, 2024
Number of pages 13
Written in 2024/2025
Type Exam (elaborations)
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rsk assessment 2 2024 semester 2

Institution
University of South Africa (Unisa)
Course
Enterprise Risk Management (RSK2601)

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, UNISA  2024  RSK2601-24-S2  Welcome Message  Assessment 2

QUIZ

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Question 1
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When implementing operational risk management in a business, external events
which can occur outside the business must be taken into consideration. These
events may require a business to have response strategies in the form of …

A. project and knowledge management.

B. project management and business contingency plans.

C. change management and business contingency plans.

D. change and knowledge management.

Clear my choice

Question 2
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Which of the following are examples of specific areas of concern for an
organisation relating to operational risk?

a Highly automated and integrating technology that has the potential of
transforming risks from minor manual processing errors into major systematic
failures.
b Insourcing, where firms take on the operational risks of their third parties.

c Firms that outsource their activities that may suffer some loss of control over
them, which could affect the quality and availability of their products.
d The growth of e-commerce that brings with it some new and potentially
significant operational risks for consumers and firms.

Choose the correct combination:

A. a, b

B. a, c, d

C. a, b, d

D. All the options.

Clear my choice

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Exam (elaborations)

RSK ASSESSMENT 2 2024 SEMESTER 2 When implementing operational risk management in a business, external events which can occur outside the business must be taken into consideration. These events may require a business to have response strategies in the f

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