5.2.1 Risk Definiton and Risk Attributes Flashcards
1
Q
Risk is a potential … whose occurrence causes …
A
event, hazard, threat, or situation
an adverse effect.
2
Q
A risk can be characterized by two factors:
- risk l…
- risk i…
A
- likelihood
- impact (harm)
3
Q
Risk likelihood
The probability of the … (greater than …
A
risk occurrence
zero and less than one)
4
Q
Risk impact (harm)
The consequences of …
A
this occurrence
5
Q
These two factors express the risk l… which is a measure …
A
level
for risk.
6
Q
The higher the risk level, the …
A
more important is its treatment.
