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Which of the following are ISO 31000:2009 Enhanced Risk Management attributes? (Choose two)
What does the probability of occurrence multiplied by the impact of the event, equals to
According to , page 13-14, probability multiplied by impact equals risk magnitude which is ''a measure that reflects both likelihood and consequences''. It can be used as an indicator for prioritizing risks.
What is a primary benefit of a commercial customer self-insuring a risk?
A primary benefit of a commercial customer self-insuring a risk is that its short-term cash-flow position is likely to improve. This is because self-insurance reduces or eliminates insurance premiums and administrative costs associated with external insurers.
