A certain risk has a 1% likelihood of occurrence in the coming year. If the risk is observed, the organization estimates a loss of $1million. The risk is then assessed as O $1,000,000 O 1,000 O $10.000 O 1%
A certain risk has a 1% likelihood of occurrence in the coming year. If the risk is observed, the organization estimates a loss of $1million. The risk is then assessed as O $1,000,000 O 1,000 O $10.000 O 1%
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Transcribed Image Text:A certain risk has a 1% likelihood of occurrence in the coming year. If the risk is observed, the organization estimates a loss of $1million. The risk is then assessed as
O $1,000,000
O 1,000
O $10.000
O 1%
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