Risk _____ refers to reducing the impact of a risk event by reducing the probability of its occurrence

What does the term "mitigation" mean in risk management?Question 47Select one:a.Reducing the probability and/or impact of a riskb.Exaggerating the risks for emphasisc.Accepting the risks without taking any actiond.Transferring all risks to another party

_____ is the product of the likelihood of an event, the vulnerability to the impact of the event and the effects of the impact itself should it occur.

Which process involves prioritizing risks based on their probability and impact of occurrence?Group of answer choicesidentifying risksperforming qualitative risk analysisperforming quantitative risk analysisplanning risk responses

Risk is defined as the Blank______.Multiple choice question.possibility of suffering harm or loss resulting from a given actionidentification, assessment, and prioritization of suffering harm from a given actionsubjective judgment people make about the characteristics and severity of suffering harm from a hazardprocess of identifying potential hazards and analyzing what could happen if a hazard occurs

Risk is often presented as ________, which is a measure of the statistical likelihood that something will occur.A.possibilityB.chanceC.dataD.probability