Definition
Regulatory risk
Examples of compliance risk
Risk of being sued due to pollution and safety hazard (any logical answer)
Political risk is considered as __________ to the business
external risk
Risk caused by actions of employees
Employee malfeasance risk
Examples of legal risk
Risks of legal action for negligence/risk of legal action for compensation (any logical answer)
The organization might face risks of ________, risk of ________ or risk of____________.
negligence, compliance, being sued by third party
Risk that is caused by political instablilty
Political risk
Example of political risk
Government revamping the existing policy or introducing new policy for the business
_______ means doing wrong or committing an offence
Malfeasance
Risk that is caused non-compliance with laws and regulations
Compliance risk
Examples of regulatory risk
Competition law/fair trade law/anti-monopoly regulations (any logical answer)
Measures to ensure compliance with ____________
Rules and regulation
Risk that is caused by legal action that will be brought against the business
Legal risk
Example of employee malfeasance risk
Making verbal and physical threats of violence, bullying, sexual harassment, and stalking
Regulations might apply to businesses ______________.
generally or to specific industry