Question at position 22 Operational Risks include vendors raising prices, sharing intellectual property, and unstable political environments.Operational Risks include vendors raising prices, sharing intellectual property, and unstable political environments.TrueFalse

Question

BlackTom AI · Accepted Answer

The prompt presents a statement about operational risks and asks whether it is true or false. 
Option 1: True. Operational risks are those risks arising from internal processes, people, systems, and also external events that disrupt operations. This often includes vendor reliability and cost changes (such as vendors raising prices), risks to information and intellectual property (IP) security or leakage, and external environmental factors like unstable political environments that can affect supply chains, regulatory climate, or operating conditions. Therefore, the assertion that these elements fall under operational risks aligns with many risk-management frameworks' broad view of external and internal factors that can disrupt day-to-day operations. 
Option 2: False. To argue false would require claiming that vendor price changes, IP sharing, or political instability do not constitute operational risks. However, each of these can directly impact an organization's ability to run its processes, deliver products or services, or safeguard assets, which are core concerns of operational risk. Price increases affect procurement and cost control, IP exposure affects asset protection and process integrity, and political instability can interrupt operations or supply chains. Thus, labeling these as non-operational risks would overlook the practical impact they have on operations. 
In summarizing the contrasts, the first option identifies circumstances that empirically influence operational activities, while the second would deny a direct operational impact that is typically recognized in risk assessments. The nuance lies in the breadth of what “operational risks” encompasses, including external pressures on processes and assets, not merely internal mishaps.

Question at position 22 Operational Risks include vendors raising prices, sharing intellectual property, and unstable political environments.Operational Risks include vendors raising prices, sharing intellectual property, and unstable political environments.TrueFalse

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