Answer:
unexpected changes in environmental policies, sourcing/local content requirements, minimum wage law, and restriction on access to local credit facilities.
Explanation:
Risk can be defined as the probability that exposure to a hazard will lead to a negative consequence.
Also, risk management can be defined as the process of identifying, evaluating, analyzing and controlling potential threats or risks present in a business as an obstacle to its capital, revenues and profits. This ultimately implies that, risk management involves prioritizing course of action or potential threats in order to mitigate the risk that are likely to arise from such business decisions.
An operational risk can be defined as a type of risk an organization or company faces due to internal actions of its employees, systems, procedures, processes, policies, etc.
Examples of operational risk include unexpected changes in environmental policies, sourcing/local content requirements, minimum wage law, and restriction on access to local credit facilities.
