, RSK2602 Assignment 1 (COMPLETE ANSWERS)
Semester 1 2025 - DUE 20 March 2025; 100%
TRUSTED Complete, trusted solutions and
explanations.
MULTIPLE CHOICE,ASSURED EXCELLENCE
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failures, cybersecurity breaches, and outdated technology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
Semester 1 2025 - DUE 20 March 2025; 100%
TRUSTED Complete, trusted solutions and
explanations.
MULTIPLE CHOICE,ASSURED EXCELLENCE
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failures, cybersecurity breaches, and outdated technology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
