Question
Differentiate between internal risk and external risk.

Answer

Differences between internal risk and external risk are as follows:
S. No
Basis
Internal risk
External risk
1.
Factors
Internal risk arises due to internal factors such as human, technological and physical factors.
External risk arises due to external factors such as economic, natural and political factors.
2.
Controllability
These risks are controllable to a certain extent.
These risks are uncontrollable.

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