1-9.1 Risk Basics Flashcards

1
Q

Probability that an event will occur

A

Likelihood

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2
Q

Uncertainty of outcome

A

Risk

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3
Q

Measure of the magnitude of harm

A

Impact

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4
Q

How fast an exposure can impact an organization

A

Velocity of risk

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5
Q

Level of risk that an organization is will to accept

A

Risk appetite

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