This type of risk can significantly increase for financial institutions when there is an economic meltdown, a high rate of unemployment, added to financial pressures faced by individuals. This type of operational risk is identified as which of the following? a. Staff dishonesty which occures when dishonest employees obtain individual´s personal and sensitive information. b. Human error caused by mistakes made by humans such as errors in processing information, poor data management etc. c. Fraud such as internal fraud which occures in financial institutions as a result of people risks. d. Fraud through the use of a computer device to alter or change information for personal use or benefit
This type of risk can significantly increase for financial institutions when there is an economic meltdown, a high rate of unemployment, added to financial pressures faced by individuals. This type of operational risk is identified as which of the following? a. Staff dishonesty which occures when dishonest employees obtain individual´s personal and sensitive information. b. Human error caused by mistakes made by humans such as errors in processing information, poor data management etc. c. Fraud such as internal fraud which occures in financial institutions as a result of people risks. d. Fraud through the use of a computer device to alter or change information for personal use or benefit
Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment
Section: Chapter Questions
Problem 1CE
Related questions
Question
Not yet answered
Marked out of 1
Flag question
Question text
This type of risk can significantly increase for financial institutions when there is an economic meltdown, a high rate of
a.
Staff dishonesty which occures when dishonest employees obtain individual´s personal and sensitive information.
b.
Human error caused by mistakes made by humans such as errors in processing information, poor data management etc.
c.
Fraud such as internal fraud which occures in financial institutions as a result of people risks.
d.
Fraud through the use of a computer device to alter or change information for personal use or benefit.
Expert Solution
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
Step by step
Solved in 2 steps
Recommended textbooks for you
Understanding Business
Management
ISBN:
9781259929434
Author:
William Nickels
Publisher:
McGraw-Hill Education
Management (14th Edition)
Management
ISBN:
9780134527604
Author:
Stephen P. Robbins, Mary A. Coulter
Publisher:
PEARSON
Spreadsheet Modeling & Decision Analysis: A Pract…
Management
ISBN:
9781305947412
Author:
Cliff Ragsdale
Publisher:
Cengage Learning
Understanding Business
Management
ISBN:
9781259929434
Author:
William Nickels
Publisher:
McGraw-Hill Education
Management (14th Edition)
Management
ISBN:
9780134527604
Author:
Stephen P. Robbins, Mary A. Coulter
Publisher:
PEARSON
Spreadsheet Modeling & Decision Analysis: A Pract…
Management
ISBN:
9781305947412
Author:
Cliff Ragsdale
Publisher:
Cengage Learning
Management Information Systems: Managing The Digi…
Management
ISBN:
9780135191798
Author:
Kenneth C. Laudon, Jane P. Laudon
Publisher:
PEARSON
Business Essentials (12th Edition) (What's New in…
Management
ISBN:
9780134728391
Author:
Ronald J. Ebert, Ricky W. Griffin
Publisher:
PEARSON
Fundamentals of Management (10th Edition)
Management
ISBN:
9780134237473
Author:
Stephen P. Robbins, Mary A. Coulter, David A. De Cenzo
Publisher:
PEARSON