How Is Expected Loss Calculated When Performing Risk Assessment

question 33

Multiple Choice

How is expected loss calculated when performing risk assessment?

• A)Impact times expected loss.
• B)Impact times likelihood.
• C)Inherent risk times likelihood.
• D)Residual risk times likelihood.

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Definitions:

Yardstick Reports

Comparative reports that evaluate the performance of a project or business by comparing it to standard measures or similar entities.

Audit Reports

Official documents that provide an evaluation or assessment of an entity's financial statements, typically conducted by an independent auditor.

Internal Readers

Individuals within an organization who are the intended audience of a written document or report.

Closure Reports

Documents summarizing the outcomes, achievements, and lessons learned upon the completion of a project.