A significant benefit of the quantitative approach to risk assessment is that
A) often the most likely threat to occur is not the one with the largest exposure.
B) the relevant cost of the loss's occurrence is an estimate.
C) the likelihood of a given failure requires predicting the future.
D) the approach estimates the costs and benefits to the perpetrators of attacks.

Question

Quizplus · Accepted Answer

Quantitative risk assessment focuses on numerical values and calculations to determine the impact and likelihood of risks, allowing for the identification of risks that, while not the most likely to occur, may have the largest financial or operational impact. This approach helps in prioritizing risks based on their potential exposure rather than their probability of occurrence.

A Significant Benefit of the Quantitative Approach to Risk Assessment