To Obtain a Measure of Probable Loss,companies ________

question 47

Multiple Choice

To obtain a measure of probable loss,companies ________.

• A)multiply likelihood by the probability of the occurrence
• B)multiply the vulnerability by the probability of the occurrence
• C)multiply likelihood by the cost of the consequences
• D)multiply residual risk by the likelihood of the occurrence

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Definitions:

Consent

This refers to the agreement or permission given by a person for something to happen or for someone to do something, typically requiring full understanding and willingness.

Punitive Damages

Financial compensation awarded to a plaintiff that goes beyond what is necessary to compensate for losses and is intended to punish the defendant for egregious conduct.

Defendant

The person, party, or entity against whom a civil or criminal lawsuit is filed in a court of law.

Slander

The act of making false and damaging spoken statements about someone, leading to harming their reputation.