Name and Define the Two Components of the Risk Assessment

question 11

Essay

Name and define the two components of the risk assessment process.

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Definitions:

Capacity

The maximum amount that something can contain or produce.

Bits of Information

The smallest units of data in computing, representing a binary choice between two alternatives, such as 0 or 1.

Primacy Effect

A cognitive phenomenon where the first items presented in a series are more likely to be remembered than items presented later on.

First Impressions

First Impressions are the initial thoughts and judgments one forms about another person or situation, often based on limited information but impactful on subsequent perceptions.