Choose the best definition of risk severity from the list below.
A) It is the likelihood of risks occurring and the potential impact on the company.
B) It is the estimated probability of a risk occurrence.
C) It is the estimation of damage that could be caused if the risk occurs.
D) It is an estimation of the loss of goodwill.

Question

Quizplus · Accepted Answer

It is the likelihood of risks occurring and the potential impact on the company.

Choose the Best Definition of Risk Severity from the List