What is the product of the probability of incurring a loss due to the risk and the potential magnitude of that loss ?
Correct answer: A. Risk exposure
- A. Risk exposure
- B. Risk prioritization
- C. Risk analysis
- D. All of the mentioned
Explanation
Risk exposure is calculated as the probability of a loss multiplied by the magnitude of its potential impact. Risk analysis and prioritization are activities that use or interpret this measure, not the measure itself.
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