Final answer:
The risk categories related to external risk are compliance, physical, and reputational risk, making option d the correct answer. These risks originate outside the organization and include legal, natural, and reputation-related threats.
Step-by-step explanation:
The categories of risk that relate to external risk rather than internal risk are compliance, physical, and reputational risk. Therefore, the correct answer to the question 'Which of the following risk categories relate to external risk rather than internal risk?' is d. Compliance, physical, and reputational risk.
External risks are those that come from outside the organization and over which it has little control. Compliance risk involves the risk of legal penalties, financial forfeiture, and material loss an organization faces when it fails to comply with laws and regulations. Physical risk refers to natural disasters and other physical events that could harm the business operations. Reputational risk is the risk of loss resulting from damages to a firm's reputation, which can occur due to a variety of reasons such as poor customer service, breaches in data security, or from being associated with unfavorable events or stakeholders.