Detailed Answer
Answer (C) is correct. Operational risks are the risks related to the enterprise’s ongoing everyday operations. Operational risk is the risk of loss from inadequate or failed internal processes, people, and systems. These failures can relate to human resources (e.g., inadequate hiring or training practices), business processes (poor internal controls), product failure (customer ill will, lawsuits), occupational safety and health incidents, environmental damage, and business continuity (power outages, natural disasters).