, RSK2602 Assignment 1 (COMPLETE ANSWERS) Semester 2
2025 - DUE 20 August 2025; 100% TRUSTED Complete,
trusted solutions and explanations.
Question 1
1.1 Operational failures caused by staff are driven by error, fraud and data
theft.True/False
True - Operational failures from staff can indeed be caused by error, fraud, and
data theft — all are internal human-related risk sources.
1.2 Technology and systems are examples of external drivers of operational risk
management. True/False
False - Technology and systems are internal drivers of operational risk, not
external. External drivers include things like regulatory changes, economic
environment, or natural disasters.
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
False - Operational risk excludes strategic and reputational risk — those are
considered separate risk categories, even if related.
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
True - Risk-indifferent means an organisation doesn’t seek a better reward for
higher risk, and typically avoids risk-taking for business growth.
2025 - DUE 20 August 2025; 100% TRUSTED Complete,
trusted solutions and explanations.
Question 1
1.1 Operational failures caused by staff are driven by error, fraud and data
theft.True/False
True - Operational failures from staff can indeed be caused by error, fraud, and
data theft — all are internal human-related risk sources.
1.2 Technology and systems are examples of external drivers of operational risk
management. True/False
False - Technology and systems are internal drivers of operational risk, not
external. External drivers include things like regulatory changes, economic
environment, or natural disasters.
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
False - Operational risk excludes strategic and reputational risk — those are
considered separate risk categories, even if related.
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
True - Risk-indifferent means an organisation doesn’t seek a better reward for
higher risk, and typically avoids risk-taking for business growth.
