Risks Can Be Quantified by Multiplying the Likelihood a Failure

question 76

True/False

Risks can be quantified by multiplying the likelihood a failure will occur by the severity of the failure.

---

Definitions:

Utility Analysis

A method of determining the gain or loss that results from different approaches.

Moving Companies

Businesses specialized in relocating household or office contents from one location to another, offering packing, moving, and sometimes storage services.

Charges

Fees or prices asked for goods or services, or the formal accusations of wrongdoing.

Survival Of Venture

The continued existence and viability of a business enterprise, especially in the face of challenges and competition.