- What type of risk involves potential losses due to failure to adhere to laws and regulations?
- A) Financial Risk
- B) Operational Risk
- C) Compliance Risk
- D) Strategic Risk
- Answer: C) Compliance Risk
- Which risk pertains to potential losses from not following industry standards and best practices?
- A) Compliance Risk
- B) Operational Risk
- C) Market Risk
- D) Financial Risk
- Answer: A) Compliance Risk
- What type of compliance risk is associated with failing to meet regulatory requirements?
- A) Strategic Risk
- B) Operational Risk
- C) Compliance Risk
- D) Market Risk
- Answer: C) Compliance Risk
- Which risk involves potential losses due to inadequate or ineffective internal controls designed to ensure regulatory compliance?
- A) Financial Risk
- B) Compliance Risk
- C) Operational Risk
- D) Strategic Risk
- Answer: B) Compliance Risk
- What type of risk involves potential penalties or legal actions due to non-compliance with environmental regulations?
- A) Compliance Risk
- B) Strategic Risk
- C) Market Risk
- D) Financial Risk
- Answer: A) Compliance Risk
- Which risk involves potential losses from failure to comply with data protection and privacy laws?
- A) Compliance Risk
- B) Operational Risk
- C) Market Risk
- D) Strategic Risk
- Answer: A) Compliance Risk
- What type of compliance risk is associated with potential fines or sanctions from failing to meet labor laws and employment regulations?
- A) Financial Risk
- B) Compliance Risk
- C) Operational Risk
- D) Strategic Risk
- Answer: B) Compliance Risk
- Which risk pertains to potential losses from non-compliance with anti-corruption and anti-bribery laws?
- A) Compliance Risk
- B) Market Risk
- C) Operational Risk
- D) Strategic Risk
- Answer: A) Compliance Risk
- What type of compliance risk involves potential damage to reputation due to failure in ethical conduct?
- A) Financial Risk
- B) Compliance Risk
- C) Operational Risk
- D) Strategic Risk
- Answer: B) Compliance Risk
- Which risk is associated with potential losses from non-compliance with corporate governance requirements?
- A) Compliance Risk
- B) Strategic Risk
- C) Operational Risk
- D) Market Risk
- Answer: A) Compliance Risk
- What type of compliance risk involves potential issues related to tax law non-compliance?
- A) Financial Risk
- B) Compliance Risk
- C) Strategic Risk
- D) Market Risk
- Answer: B) Compliance Risk
- Which risk pertains to potential losses from inadequate training or awareness programs for regulatory compliance?
- A) Compliance Risk
- B) Financial Risk
- C) Operational Risk
- D) Strategic Risk
- Answer: A) Compliance Risk
- What type of risk involves potential losses due to failure in adhering to international trade regulations?
- A) Market Risk
- B) Compliance Risk
- C) Financial Risk
- D) Operational Risk
- Answer: B) Compliance Risk
- Which risk involves potential legal consequences from failing to comply with health and safety regulations?
- A) Compliance Risk
- B) Strategic Risk
- C) Operational Risk
- D) Financial Risk
- Answer: A) Compliance Risk
- What type of compliance risk is associated with the risk of non-compliance with financial reporting standards and regulations?
- A) Operational Risk
- B) Financial Risk
- C) Compliance Risk
- D) Strategic Risk
- Answer: C) Compliance Risk
- Which risk pertains to potential losses from failure to comply with licensing and permit requirements?
- A) Compliance Risk
- B) Strategic Risk
- C) Operational Risk
- D) Financial Risk
- Answer: A) Compliance Risk
- What type of compliance risk involves potential losses due to non-compliance with anti-money laundering regulations?
- A) Financial Risk
- B) Compliance Risk
- C) Strategic Risk
- D) Market Risk
- Answer: B) Compliance Risk
- Which risk involves potential issues arising from failure to comply with trade sanctions and export controls?
- A) Compliance Risk
- B) Operational Risk
- C) Financial Risk
- D) Strategic Risk
- Answer: A) Compliance Risk
- What type of compliance risk is related to potential losses from not adhering to consumer protection laws?
- A) Financial Risk
- B) Compliance Risk
- C) Strategic Risk
- D) Operational Risk
- Answer: B) Compliance Risk
- Which risk involves potential legal and financial consequences from not following industry-specific regulations?
- A) Compliance Risk
- B) Financial Risk
- C) Operational Risk
- D) Strategic Risk
- Answer: A) Compliance Risk
- What type of risk involves potential losses due to failure to comply with anti-discrimination laws?
- A) Compliance Risk
- B) Financial Risk
- C) Strategic Risk
- D) Operational Risk
- Answer: A) Compliance Risk
- Which risk is associated with potential losses from inadequate record-keeping and documentation related to regulatory requirements?
- A) Compliance Risk
- B) Financial Risk
- C) Operational Risk
- D) Strategic Risk
- Answer: A) Compliance Risk
- What type of compliance risk involves potential losses due to failure to comply with anti-competitive practices regulations?
- A) Compliance Risk
- B) Financial Risk
- C) Market Risk
- D) Operational Risk
- Answer: A) Compliance Risk
- Which risk pertains to potential issues from non-compliance with disclosure requirements for financial statements?
- A) Financial Risk
- B) Compliance Risk
- C) Operational Risk
- D) Strategic Risk
- Answer: B) Compliance Risk
- What type of compliance risk involves potential losses from failing to adhere to the company’s own policies and procedures?
- A) Compliance Risk
- B) Financial Risk
- C) Operational Risk
- D) Strategic Risk
- Answer: A) Compliance Risk
- Which risk is associated with potential consequences of not implementing and maintaining effective compliance programs?
- A) Compliance Risk
- B) Strategic Risk
- C) Financial Risk
- D) Operational Risk
- Answer: A) Compliance Risk
- What type of risk involves potential losses due to failure in managing legal and regulatory changes?
- A) Compliance Risk
- B) Operational Risk
- C) Strategic Risk
- D) Financial Risk
- Answer: A) Compliance Risk
- Which risk involves potential issues related to failing to address compliance issues raised by audits or inspections?
- A) Financial Risk
- B) Compliance Risk
- C) Operational Risk
- D) Strategic Risk
- Answer: B) Compliance Risk
- What type of compliance risk is related to the potential for fines or legal actions due to non-compliance with intellectual property laws?
- A) Compliance Risk
- B) Financial Risk
- C) Strategic Risk
- D) Operational Risk
- Answer: A) Compliance Risk
- Which risk involves potential losses from failure to comply with regulatory requirements for data security and confidentiality?
- A) Operational Risk
- B) Compliance Risk
- C) Financial Risk
- D) Strategic Risk
- Answer: B) Compliance Risk