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

Question

Quizplus · Accepted Answer

External risks are outside the control of the risk manager and therefore they need to be identified and monitored carefully so that appropriate actions can be taken if they occur. Options A, C, and D are incorrect as they are either not related to external risks or are not true statements about them.

Which of the Following Is True About External Risks