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Risk is expressed in terms of probability & impact - Risk analysis and management
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Q. Risk is expressed in terms of probability and impact.
- Published on 14 Aug 15
a.
True
b.
False
ANSWER: True
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Discussion
Prajakta Pandit
-Posted on 05 Nov 15
- The above statement is true. Risk is expressed in terms of probability and impact.
- It is the future uncertain events with a probability of occurrence and a potential for loss.
- Risk is a possibility, not a certainty.
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