What type of risk is the Covid Pandemic ?
CS Professional · Governance, Risk Management, Compliances and Ethics · PYQS · June 2021
What type of risk is the Covid Pandemic ?
Answer & Explanation:
Covid Pandemic is a Systemic Risk due to the following reasons: It is not fully controllable by any organisation. It is not entirely predictable. It is of a macro nature. It usually affects a large number of organisations operating under a similar stream. It cannot be fully assessed and anticipated in advance in terms of timing and gravity.
Topics: Risk Management
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