A probability-impact matrix compares the probability (high, medium, low) of occurrence of an issue with an assessment of the impact on
A) the company.
B) Society.
C) primary stakeholders.
D) voting patterns.

Question

Quizplus · Accepted Answer

The probability-impact matrix is commonly used in risk management and it compares the likelihood of an issue occurring with its potential impact on the company. The other options (B, C, and D) are not directly related to the company's risk management and are not typically included in a probability-impact matrix.

A Probability-Impact Matrix Compares the Probability (High, Medium, Low) of Occurrence