According to the engineering definition of risk, it holds that a risk is
A) an unwanted event that may or may not occur.
B) the probability that an event will occur multiplied by some appropriate measure of the consequence of that event.
C) the probability that an event will occur multiplied by the monetary value (usually measured in US dollars) of that event.
D) a quantitative entity defined in the design code applicable to a project.

Question

Quizplus · Accepted Answer

Risk in engineering is defined as the probability of an event occurring multiplied by the impact (or consequence) of that event. This definition encompasses a wide range of consequences, not just monetary ones, and is not limited to quantitative entities defined in design codes.

According to the Engineering Definition of Risk, It Holds That