Loss of access to essential assets can be considered as --------------- .

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BlackTom AI · Accepted Answer

Question: Loss of access to essential assets can be considered as --------------- .

Note: The provided answer indicates 'an operational risk' as the correct choice, but no answer options are listed in the data to evaluate.

Conceptual analysis: When evaluating risk categories, operational risk typically refers to losses resulting from inadequate or failed internal processes, people, and systems, or from external events. A scenario where access to essential assets is lost directly affects processes and systems, disrupting the organization's ability to operate and deliver services. This aligns with the broad definition of operational risk, which encompasses disruptions to daily operations caused by failures or inefficiencies in internal controls, information systems, or human error.

Why this fits more than alternative general classifications: If there were alternative options such as strategic risk, financial risk, or compliance risk, these would address different sources of potential loss (e.g., long-term strategy, financial markets, or regulatory adherence). Loss of access to assets is a practical, day-to-day failure impacting operations, which is the hallmark of operational risk rather than purely strategic, financial, or compliance risk.

Edge considerations due to missing options: Since the answer options are not provided, we cannot directly compare each alternative. Nevertheless, the reasoning above supports categorizing a loss of access to essential assets as an operational risk because it directly impairs internal processes and system functionality central to continuing operations.

Overall interpretation: In risk management terminology, restricted or lost access to critical assets interrupts normal operations and is best described under operational risk, reflecting short-term disruption and the need for internal control and recovery measures.

CVEN30008_2025_SM1 Module 1.2 Quiz

Loss of access to essential assets can be considered as --------------- .

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