You Are Plotting Intersection Points Between Measures of Frequency (On

question 48

Multiple Choice

You are plotting intersection points between measures of frequency (on an x-axis) and severity (on a y-axis) and visually plotting intersection points.Each point represents the relationship between the frequency of the exposure and the severity of the exposure for each risk measured.What are you preparing?

• A)A risk profile
• B)A forced matrix
• C)A risk map
• D)Kernel's risk matrix
• E)A risk management matrix

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Definitions:

Output

The total quantity of goods or services produced by a company, sector, or economy within a given period.

Revenues

The total income generated by a business or an economy from its operational activities, such as the sale of goods or services before any expenses are deducted.

Costs

Costs refer to the expenses incurred in the production of goods or services, including materials, labor, and overhead.

Marginal Product

The growth in productivity that occurs when an extra unit of input is added, with all other inputs remaining the same.