Inherent risks consist of two parts: ________ and ________.
A) severity, financial
B) severity, impact
C) likelihood, financial
D) likelihood, impact

Name: Inherent risks consist of two parts: ________ and ________. A) severity, financial B) severity, impact C) likelihood, financial D) likelihood, impact
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Question

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Inherent risks consist of two parts: likelihood, which is the probability of the risk occurring, and impact, which is the potential consequence or effect of the risk if it does occur.

Inherent Risks Consist of Two Parts: ________ and ________

Inherent Risks Consist of Two Parts: and