One category of risks that are considered in an enterprise risk management program is risks that are external to the organization.Such risks include demographic trends,acts of competitors,and industry sector trends.This risk is
A)systems risk.
B)strategic risk.
C)operational risk
D)hazard risk.

Question

Quizplus · Accepted Answer

Risks that are external to the organization are considered strategic risks as they involve external factors that could affect the organization's ability to achieve its objectives and strategic goals. These risks might require the organization to adjust its strategies and plans to respond to these external factors. Systems risk refers to risks that arise from the organization's information systems, operational risk refers to risks associated with the internal processes and procedures, and hazard risk refers to risks associated with accidents and natural disasters.

One Category of Risks That Are Considered in an Enterprise