The Best Method for Assessing the Relative Importance of Risk

question 299

Multiple Choice

The best method for assessing the relative importance of risk factors is to:

• A) Change the rating of the factors from a 1-3 scale to a 1-5 scale.
• B) Assign weights to the factors based on the comparative impact.
• C) List the risk factors in a priority order.
• D) Use data from an independent source.

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Definitions:

Open System

Refers to a computing system that provides an environment which supports applications and services that are interoperable and can be easily integrated into other systems.

OS

Short for Operating System, it is the software that manages hardware resources and provides common services for computer programs.

Input Technology

Refers to the devices or methods used to enter data into a computer system or other machine, such as keyboards, mice, and touch screens.

Open-Source Software

Software made available in source-code form at no cost to developers.