RSK2602 Assignment 1 (100% COMPLETE ANSWERS) Semester 1 2025 - DUE 20 March 2025

Fundamentals of Operational & Financial Risk - RSK2602 Assignment 1 Semester 1 2025 - DUE 20 March 2025 ;100 % TRUSTED workings, Expert Solved, Explanations and Solutions. For assistance call or W.h.a.t.s.a.p.p us on ...(.+.2.5.4.7.7.9.5.4.0.1.3.2)........... QUESTION 1 Evaluate the accuracy of each of the following statements. Indicate whether you consider the statement accurate (true) or not (false) and provide a full motivation for your answer. ): True or False: Operational risk only arises from internal factors such as employees and processes, and external factors do not contribute to operational risk. True or False: The Basel Accord requires financial institutions to maintain a risk management framework that includes identifying, assessing, monitoring, and controlling operational risks. True or False: Business continuity planning (BCP) is not necessary for managing operational risk since most risks can be controlled through internal policies. True or False: One of the key components of operational risk is system risk, which includes IT failures, cybersecurity breaches, and outdated technology affecting business operations. QUESTION 2 List and explain the three basic preference behaviours which can be used to determine the link between risk and return in measuring the risk performance of a business activity QUESTION 3 The South African Government has encouraged businesses to implement the necessary actions to minimise the risk of exposure of the spread of Covid-19 while in operation. Micheal Hlongwane is a manager of a well-known retail store in South Africa. Their store has implemented the following mitigation actions: • Customers are hand sanitized at the entrance of the store. • Staff and customers are forced to put on face masks. • Ensure social distance between customers and cashiers. • Screening of staff members on arrival. • Implementing online shopping. • Allowing a limited number to enter the store. Identify and explain preventative, detective and contingency measures from the above-mentioned mitigation strategies.