1-9.1 Risk Basics Flashcards
1
Q
Probability that an event will occur
A
Likelihood
2
Q
Uncertainty of outcome
A
Risk
3
Q
Measure of the magnitude of harm
A
Impact
4
Q
How fast an exposure can impact an organization
A
Velocity of risk
5
Q
Level of risk that an organization is will to accept
A
Risk appetite
