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Operational Risks: Definition & Examples

Instructions:

Choose an answer and hit 'next'. You will receive your score and answers at the end.

question 1 of 3

What is operational risk?

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1.

Which of the following is a subcategory of operational risk?

I. Human error (accidental or otherwise)

II. Systems, processes, and procedures

III. External events

2. Which of the following is NOT an example of an operational risk arising from an external event?

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About This Quiz & Worksheet

Test your knowledge of operational risks with this five-question quiz and worksheet. You'll need to be familiar with the kinds of operational risks that occur when there's a problem with a system or a process, among other details.

Quiz & Worksheet Goals

This quiz tests you on the following:

  • How to define 'operational risk'
  • An operational risk subcategory(-ies)
  • Operational risks resulting from an external event
  • When there's a problem with a system or process
  • A hiring manager not hiring qualified candidates of a certain race

Skills Practiced

  • Defining key concepts - ensure that you can accurately define a main phrase, such as operational risk
  • Interpreting information - verify that you can read information about a subcategory of operational risk and interpret it correctly
  • Making connections - use what you've learned to make connections between operational risks and an external event

Additional Learning

To take a closer look at this subject, review the lesson titled Operational Risks: Definition & Examples. Here are a few examples of what's covered in this lesson:

  • Politics as an external event associated with risk
  • Hiring inexperienced personnel
  • Bernie Madoff's Ponzi scheme
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