312-38 · Question #51
Fill in the blank with the appropriate word. The primary goal of _________________ risk analysis is to determine the proportion of effect and theoretical response. Answer: qualitative
The correct answer is A. qualitative. Qualitative risk analysis is correct here because it focuses on subjective, descriptive assessments of risk - evaluating the relative proportion of an effect (how significant a risk is in categorical terms like high/medium/low) and the theoretical response (a scenario-based…
Question
Options
- Aqualitative
How the community answered
(50 responses)- A100% (50)
Explanation
Qualitative risk analysis is correct here because it focuses on subjective, descriptive assessments of risk - evaluating the relative proportion of an effect (how significant a risk is in categorical terms like high/medium/low) and the theoretical response (a scenario-based, hypothetical organizational reaction rather than a measured one).
Since this question presents only one choice, there are no distractors to refute - but the most common confusion is with quantitative risk analysis, which uses actual numerical data, dollar figures, and statistical probabilities rather than theoretical/proportional assessments. Qualitative analysis is used when precise data is unavailable or when a faster, judgment-based prioritization is needed.
Memory tip: Link qualitative to quality descriptions (words: high, medium, low, theoretical) versus quantitative to quantities (numbers, formulas, dollar values). If the question involves language like "proportion," "theoretical," or "subjective judgment," think qualitative.
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