Examlex

Solved

A Probability/impact Matrix or Chart Lists the Relative Probability of a Risk

question 61

True/False

 A probability/impact matrix or chart lists the relative probability of a risk occurring on one side of a matrix or axis on a chart and the relative impact of the risk occurring on the other.


Definitions:

Private Owners

Individuals or entities that hold exclusive legal rights over properties or businesses, allowing them control over use, management, and transfer of the ownership.

Sustainable Development

Development that meets the needs of the present without compromising the ability of future generations to meet their own needs.

Economic Development

The process of improving the economic, political, and social well-being of a community or country.

Intergenerational Equity

The principle of fairness or justice in relationships between children, youth, adults, and seniors, emphasizing the equitable distribution of resources across generations.

Related Questions