Question 4 (11 marks)

Risks for a business may be categorised as operational risk or financial risk.

A). Compare and contrast these two risk categories. (2.5 x 2 = 5 marks)

B).

State and explain 2 types of operational risk. (1.5 x 2 = 3 marks)

C).

Identify and discuss 2 kinds of financial risk. (1.5 x 2 = 3 marks)