What are the component factors in the assessment of risk?
A) Estimated probable loss and the estimated frequency of occurrence
B) Effectiveness of security measures and the value of the item involved
C) Estimated frequency of occurrence and the nature of the asset
D) Seriousness of the risk and the security measures employed

Question

Quizplus · Accepted Answer

The component factors in the assessment of risk are the estimated probable loss and the estimated frequency of occurrence. The other options may also be relevant in some cases, but they are not the primary factors that determine risk.

What Are the Component Factors in the Assessment of Risk