RSK2602 ASSIGNMENT 1 SEMESTER 2 2025 – FULLY ANSWERED (DUE 20 AUGUST 2025)

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RSK2602 Assignment 1 Semester 2 Memo | Due 20 August 2025. All questions fully answered. Question 1 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