Asked by Krista Martinez on May 25, 2024
Verified
_________ risks are threats to overall business success.
A) Strategic
B) Operational
C) Financial
D) Reputation
E) Functional
Strategic risks
Risks that arise from significant shifts in a business environment, threatening the formulation and execution of an organization's strategy.
Business success
The achievement of desired financial and operational goals within a business, often measured by profitability, market share, and customer satisfaction.
Operational
Pertaining to the day-to-day functions and activities necessary for an organization or process to run effectively.
- Clarify the critical role of risk management and its methodologies in organizational contexts.
Verified Answer
Learning Objectives
- Clarify the critical role of risk management and its methodologies in organizational contexts.
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