A Certain Risk Has a 1% Likelihood of Occurrence in the Coming

question 1

Multiple Choice

A certain risk has a 1% likelihood of occurrence in the coming year. If the risk is observed, the organization estimates a loss of $1million. The risk is then assessed as

• A) 1%
• B) $1,000,000
• C) 1,000
• D) $10,000

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Definitions:

Type A

Refers to a personality characterized by competitiveness, high ambition, impatience, and a sense of urgency, often linked to stress and cardiovascular diseases.

Heart Attack

A medical condition that occurs when the flow of blood to the heart is blocked, often by a blood clot, leading to damage to the heart muscle.

Correlation

A statistical measure that indicates the extent to which two or more variables fluctuate together, showing whether and how strongly pairs of variables are related.

Hostility

Feelings of anger and frustration.