Question: Explain why the operational losses cannot be broadly managed and must be categorized. For each operational risk exposure listed below, please provide at least three

Explain why the operational losses cannot be broadly managed and must be categorized.

For each operational risk exposure listed below, please provide at least three examples of potential losses from the exposure and the justification for managing those exposures.

Internal fraud

External fraud

Employment practices and workplace safety

Clients, products, and business practices

Business disruption and system failures

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