Which of the Following Is NOT Part of a Risk

question 51

Multiple Choice

Which of the following is NOT part of a risk characterization?

• A) a qualitative component that includes a description of the hazard
• B) a monetary component that assigns a dollar value to the risk
• C) a quantitative component that gives the magnitude of the risk
• D) an integrated analysis of the overall risk assessment process

---

Definitions:

Estimated Overhead Cost

The anticipated cost of indirect expenses required to manage and operate a business over a specific period.

Actual Overhead

The real costs incurred from indirect expenses such as utilities, rent, and administrative salaries in the production process.

Applied Overhead

An estimate of manufacturing overhead costs allocated to individual units of production.

Factory Overhead Account

An account used to accumulate all indirect costs associated with the production process, including indirect labor, materials, and other manufacturing overheads.