A Risk Assessment May Also Be Called a "Threat and Risk

question 13

True/False

A risk assessment may also be called a "threat and risk assessment." A "threat" is a harmful act, such as the deployment of a virus or illegal network penetration. A "risk" is the expectation that a threat may succeed and the potential damage that can occur.

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Definitions:

Machine Setup

The process of preparing and adjusting machines and equipment for a specific production run or job order.

Planning Budget

A financial plan that estimates revenue and expenses over a specific period in the future, guiding managerial decisions and actions.

Revenue

The total amount of money received by a company for goods sold or services provided during a certain period of time.

Formula

A mathematical equation or rule expressed in symbols, often used in scientific, mathematical, or financial calculations.