Multiple choice technology testing

What are the 2 major components taken into consideration with risk analysis?

  1. The probability the negative event will occur

  2. The potential loss or impact associated with the event

  3. Both a and b

  4. Neither a nor b
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

Risk analysis fundamentally evaluates two dimensions: likelihood and impact. The probability of a negative event occurring (Option A) must be weighed against the potential loss or damage that would result if it did happen (Option B). This probability-impact matrix forms the basis of all risk assessment frameworks - without knowing both factors, you cannot prioritize risks effectively.

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