Question

Due to the fire in the building, the office was closed for next 4 days. The sales went down due to lack of customer engagement. What type of risk is this?

Q: Due to the fire in the building, the office was closed for next 4 days. The sales went down due to

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

A Natural Risk

B Management Risk

C Operational Risk

D Market Risk

E None of the above

Download PDF Practice Next

More Finance Questions

If the forward value of the currency is cheaper, the currency is called -
Which of the following days is known as ‘GST Day’?
Consider the following statements about Government Securities: I. The g-sec market is dominated by institutional investors such as banks, mutual funds, and insurance companies. II. These entities trade in lot sizes of Rs. 10 crore or more. III. There is no liquidity in the secondary market for small investors who would want to trade in smaller lot sizes. Which of the statements above is/are not correct?
The IMF and the World Bank were conceived as institutions to-
Which institution is the most important constituent of Indian money market?
What is FCCB?
Who is the CEO of National Housing Bank?
The share of net demand and time liabilities that banks must maintain in safe and liquid assets, such as, government securities, cash and gold with itself is known as
The place where banks’ mutual claims are settled, is called?
Working Capital is calculated by?

Question

Due to the fire in the building, the office was closed for next 4 days. The sales went down due to lack of customer engagement. What type of risk is this?

Solution

I Pledged to: