A Measure of the Likelihood That an Event Described in the Risk

question 41

Multiple Choice

A measure of the likelihood that an event described in the risk consequence portion of the risk statement will actually occur best defines

• A)risk assessment.
• B)risk probability.
• C)risk actuality.
• D)risk urgency.

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Definitions:

Informative

Characterized by providing useful or interesting information.

Sole Proprietorship

A business structure in which one individual owns and operates the business, responsible for all its debts and liabilities.

State Tax Registration

The process by which a business or individual registers with a state authority to collect, report, and remit taxes as required by law.

Liability

Legal responsibility or obligation, especially for debts or damages.