(Solved): 9. Role of controls in mitigating risk depends upon: A. design and operational effectiveness of con ...

9. Role of controls in mitigating risk depends upon: A. design and operational effectiveness of controls. B. directive and preventive controls. c. detective and corrective controls. D. Scenario analysis. The correct answer is 10. Which of the following would be operational risk manager's MAJOR concern when a firm introduces major layoffs during a recession? A. Lack of segregation of duties to mitigate risk B. Reduced revenue to support key employee retention c. Problem attracting qualified risk professionals D. Laid off employees being given severance packages The correct answer is