Risk Mitigation Involves the Reduction in Either the Likelihood or the Impact

question 11

True/False

Risk mitigation involves the reduction in either the likelihood or the impact of the occurrence of a risk.

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Definitions:

Regression

A statistical method used to analyze the relationship between a dependent variable and one or more independent variables.

Factor Analysis

A statistical method used to identify underlying variables, or factors, that explain the pattern of correlations within a set of observed variables.

Constructs

Theoretical entities or concepts that are not directly observable but are used to describe and explain observable phenomena.

General Name

Refers to a broad designation or category that encompasses specific instances or entities.