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A companys accounting manager estimated a 5% probability of a significant financial loss due to failures in the companys sy
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Answer #1

D. It is an operational risk operational risk is the type of risk where the possibility of loss causes on two factors a). Internal factors b). External factors.

Internal factors include failure of system,people or internal process and in the above case system failure happened so it's part of operational risk.

External factors includes robbery , fire other incident .

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