Risk Classification Systems

What are the three categories of risk in the risk classification system?

• systematic risk, unsystematic risk, and country risk

• financial risk, operational risk, and strategic risk

• market risk, credit risk, and liquidity risk

• internal risk, external risk, and reputational risk

Name two risk classification systems mentioned in the prompt.

• HACCP, RACCP

• HACCP, RACCP

• ISO 9001, ISO 14001

• FDA, USDA

What are the three types of risk in the FIRM risk scorecard?

• strategic risk, operational risk, and financial risk

• market risk

• credit risk

• reputational risk

What does PESTLE stand for in the PESTLE risk classification system?

• Political, Economic, Sociocultural, Technological, Legal, and Ethical

• Physical, Economic, Sociocultural, Technological, Legal, and Environmental

• Political, Economic, Sociocultural, Technological, Legislative, and Environmental

• Political, Economic, Sociocultural, Technological, Legal, and Environmental

Name three components of risk in the hazard, control, and opportunity risk classification.

• opportunity, hazard, control risk classification

• hazard, control, opportunity risk classification

• hazard, control, opportunity

• risk, hazard, control