When the qualitative approach to risk assessment is used,costs might be estimated using
A) replacement costs.
B) service denial costs.
C) business interruption costs.
D) All of these answers are correct.

Question

Quizplus · Accepted Answer

When using a qualitative approach to risk assessment, costs can be estimated using various methods such as replacement costs (for assets that need to be replaced), service denial costs (resulting from the inability to provide goods or services due to risk), and business interruption costs (resulting from a disruption to normal business operations). Therefore, all of the given choices are correct.

When the Qualitative Approach to Risk Assessment Is Used,costs Might