Assume that new regulations proposed by the government could change the way a business does its day to day activities in order to be compliant with the new regulations. In this context, the business is potentially exposed to which of the following risks ?

Question

BlackTom AI · Accepted Answer

When a government introduces new regulations that could alter how a business operates on a day-to-day basis, multiple facets of risk can be affected.
Option 1: Legal risk. Changes in regulation can create new legal responsibilities or potential liabilities if the business fails to comply, so assessing legal exposure is essential.
Option 2: Operational risk. Day-to-day activities may need to be redesigned to meet the new rules, introducing risks related to processes, systems, and human execution.
Option 3: Compliance risk. The core purpose of regulations is to ensure adherence to rules; failing to implement required controls or reporting could lead to compliance failures.
Option 4: All of the above. Since regulatory changes can simultaneously impact legal obligations, operational processes, and formal compliance requirements, the combined risk is not limited to a single category.
Thus, each of the individual risk categories presents a potential concern, and taken together they describe the full spectrum of exposure a business could face under new regulations.

CVEN30008_2025_SM1 Module 2.1 Quiz

Assume that new regulations proposed by the government could change the way a business does its day to day activities in order to be compliant with the new regulations. In this context, the business is potentially exposed to which of the following risks ?

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