Question: What risk assessment approach involves categorizing risks into high, medium, and low based on their potential impact and likelihood?
Answer:
Qualitative risk assessment involves categorizing risks into high, medium, and low based on their potential impact and likelihood.
MCQ: What risk assessment approach involves categorizing risks into high, medium, and low based on their potential impact and likelihood?
Correct Answer:
A. Qualitative risk assessment
Explanation:
Qualitative risk assessment involves categorizing risks into high, medium, and low based on their potential impact and likelihood.
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Related Questions
- 1. What is the role of a risk owner in the risk assessment process?
- 2. Which risk assessment methodology relies on a binary (yes/no) approach to assess the presence or absence of a risk?
- 3. What is the purpose of a risk register in the risk assessment process?
- 4. What is the significance of a risk appetite statement in cybersecurity risk management?
- 5. What risk assessment approach involves assigning subjective values to assess the impact and likelihood of risks?
- 6. What is the purpose of a risk assessment report in cybersecurity risk management?
- 7. What is the goal of risk communication in the risk assessment process?
- 8. What is the purpose of a risk assessment framework in cybersecurity risk management?
- 9. What is the significance of a risk treatment plan in the risk assessment process?
- 10. In the context of risk assessment, what does the term "residual risk" refer to?
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