RSK2602 Assignment 1 (COMPLETE ANSWERS) Semester 2 2025 – DUE 20 August 2025; 100% correct solutions and explanations.

RSK2602 Assignment 1 (COMPLETE ANSWERS) Semester 2 2025 – DUE 20 August 2025; 100% correct solutions and explanations. Question 1 Answer the following questions and submit your assessment at . 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. NO MARK WILL BE AWARDED FOR A TRUE OR FALSE ANSWER WITHOUT A MOTIVATION. 1.1 Operational failures caused by staff are driven by error, fraud and data theft. True/False 1.2 Technology and systems are examples of external drivers of operational risk management. True/False 1.3 Operational risk is the risk of loss arising from human error, management failure and fraud or shortcomings in systems or controls. This would include strategic and reputational risk. True/False 1.4 Risk-indifferent requires no changes in the risk/reward balance in return for an increase in risk. This attitude is usually not conducive for taking any risks to enhance the business. True/False 1.5 Self-insurance can be achieved by way of captives. True/False 1.6 Risk appetite is the financial amount that the organisation is not prepared to loose.