Which of the following should be the PRIMARY basis for prioritizing risk responses?

Effective risk prioritization requires focusing on risks that could cause the greatest harm to the organization's objectives, assets, or operations. High-impact risks, even if their likelihood is moderate, demand more immediate and comprehensive response strategies to mitigate potential severe consequences.

While the replacement cost contributes to the overall impact, it is only one component; a comprehensive assessment of impact includes financial, operational, reputational, and legal consequences.

The cost of risk mitigation controls is a factor in *selecting* specific responses, but not the primary driver for prioritizing *which* risks to address initially.

Asset classification helps to understand the criticality and sensitivity of an asset, which feeds into the impact assessment, but the classification itself is not the direct basis for prioritizing the risk response.