Which option BEST describes how the level of risk is determined?

Question

Options

• AThe likelihood of an adverse event happening multiplied by the cost of preventing it
• BThe consequences of a potential problem multiplied by the cost of possible legal action
• CThe impact of an adverse event multiplied by the likelihood of that event occurring
• DThe likelihood and the probability of a hazard occurring

• A
  4% (2)
• B
  78% (36)
• C
  13% (6)
• D
  4% (2)

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