Generally in a Risk Assessment Process,the First Step Is to

question 34

Multiple Choice

Generally in a risk assessment process,the first step is to

• A) identify the threats that the company currently faces.
• B) estimate the risk probability of negative events occurring.
• C) estimate the exposure from negative events.
• D) identify controls to reduce all risk to zero.

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Definitions:

Representativeness Heuristic

A cognitive shortcut that involves judging the probability of an event by its similarity to a prototype or an example.

Little League Player

A child or adolescent who participates in Little League Baseball, a youth sports organization that promotes baseball and softball worldwide.

Heuristic

A mental shortcut or rule of thumb that allows people to solve problems and make judgments quickly and efficiently.

Algorithm

A step-by-step procedure or formula for solving a problem or accomplishing a specific task.