Which of the following are sources of external risks? (Choose two.)

Bankruptcy, while it can be triggered by external pressures, is an internal organizational outcome and is generally categorized as an internal risk or consequence rather than an external risk source.

The competitive market is an external risk source because shifts in competitor behavior, market share, or industry dynamics are outside the organization's control and can directly threaten portfolio value.

Shifting priorities refer to internal strategic or leadership changes within the organization and are therefore classified as internal, not external, risk sources.

Political events such as regulatory changes, elections, or geopolitical instability are classic external risk sources that can impact portfolio feasibility and strategic alignment.