Which of the following is true about internal risks?
A) They deal with issues related to the operations of the firm.
B) They are harder to manage than external risks.
C) They are beyond the control of the risk manager.
D) They are more costly than external risks.

Question

Quizplus · Accepted Answer

Internal risks are those that arise from within the organization and often deal with issues related to the operations of the firm, such as human error, fraud, or system failures. These risks are within the control of the risk manager and can be managed through internal controls and risk mitigation strategies. While they may be costly to manage, they are not necessarily more expensive than external risks.

Which of the Following Is True About Internal Risks