Asked by Krista Martinez on May 25, 2024

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_________ risks are threats to overall business success.

A) Strategic
B) Operational
C) Financial
D) Reputation
E) Functional

Strategic risks

Risks that arise from significant shifts in a business environment, threatening the formulation and execution of an organization's strategy.

Business success

The achievement of desired financial and operational goals within a business, often measured by profitability, market share, and customer satisfaction.

Operational

Pertaining to the day-to-day functions and activities necessary for an organization or process to run effectively.

  • Clarify the critical role of risk management and its methodologies in organizational contexts.
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Verified Answer

DN
Danielle NearyMay 30, 2024
Final Answer :
A
Explanation :
Strategic risks are risks that can harm the overall success of the business, such as entering new markets or launching new products without proper research or planning. Operational risks refer to risks that arise from day-to-day operations, financial risks refer to risks related to financial outcomes, reputation risks refer to risks to the business's image or reputation, and functional risks refer to risks in specific areas of the business, such as IT or HR.