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Which one of the following is NOT an example of transactional risk?
  • a)
    Hacking
  • b)
    Default on order taking
  • c)
    Default on payment
  • d)
    Default on delivery
Correct answer is option 'A'. Can you explain this answer?
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Which one of the following is NOT an example of transactional risk?a)H...
Answer:

Transactional risk refers to the potential risks associated with conducting business transactions. It involves the possibility of a party involved in a transaction failing to fulfill their obligations. Among the given options, hacking is NOT an example of transactional risk. Here is a breakdown of the options:


  • A: Hacking - Hacking refers to unauthorized access or intrusion into computer systems or networks. While hacking can pose various risks to businesses, it does not directly relate to transactional risks.


  • B: Default on order taking - This refers to a situation where a party fails to fulfill their obligations related to taking and processing orders. It can include instances where orders are not accurately recorded or processed, leading to potential transactional risks.


  • C: Default on payment - Defaulting on payment means failing to make the required payment for goods or services provided. This is a clear example of transactional risk as it involves a failure to fulfill financial obligations in a transaction.


  • D: Default on delivery - Defaulting on delivery refers to a situation where a party fails to deliver goods or services as agreed upon in a transaction. This can result in transactional risks such as delays, breach of contract, or customer dissatisfaction.


In summary, hacking (option A) is not an example of transactional risk, while default on order taking, default on payment, and default on delivery are all examples of transactional risks.
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Which one of the following is NOT an example of transactional risk?a)Hackingb)Default on order takingc)Default on paymentd)Default on deliveryCorrect answer is option 'A'. Can you explain this answer?
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