Risk involves the measurement or assessment of two parameters, the probability of an undesirable event occurring and ____.
A) the frequency of that event
B) the magnitude of the event's consequences
C) the duration of the event
D) the number of people affected by the event

Question

Quizplus · Accepted Answer

The second parameter in assessing risk is the magnitude of the event's consequences. This refers to the degree of harm or damage that could result from the undesirable event and is a crucial factor in evaluating risk.

Risk Involves the Measurement or Assessment of Two Parameters, the Probability