Defining Each Risk by a Set of Standard Parameters Including

question 79

Multiple Choice

Defining each risk by a set of standard parameters including likelihood or probability,severity or impact,detection process,and mitigation plans best defines

• A)quantitative risk management.
• B)qualitative risk management.
• C)risk probability.
• D)risk regression.

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Definitions:

Rightful Owner

The individual or entity that legally possesses property or rights, typically recognized through ownership documents or legal actions.

Temporary Possession

The condition of holding or controlling property or goods for a limited period without claiming ownership.

Chattel

Assets that can be physically relocated, unlike immovable real estate or land.

Bailment

Temporary possession by one person of chattels owned by another.