Which of the following is NOT a listed business risk category?

• A. Human capital
• B. Strategic
• C. Reputational
• D. Inflation

Answer: (D)

In risk management, categories like strategic, reputational, and human capital represent distinct areas where the organization faces identifiable threats to its objectives, brand, and people. Strategic risk refers to threats to the long-term goals and how the organization competes and executes its plan. Reputational risk concerns damage to trust, customer loyalty, and stakeholder confidence. Human capital risk covers talent, leadership, skills, and workforce-related issues that can affect performance.

Inflation, however, is an external macroeconomic condition that influences many of these areas by altering costs, pricing, and margins. It’s typically addressed as part of financial or economic risk rather than as its own listed business risk category. So inflation is not considered a standalone business risk category in this context.