Which of the following is the MOST useful information for prioritizing risk mitigation?

The cost of risk mitigation is an important factor in selecting a mitigation strategy, but it's not the primary information for prioritizing which risks to address first.

Asset criticality is a component of a Business Impact Assessment but does not provide the full picture of the impact on business operations, revenue, or compliance that a BIA does.

The acceptable risk level defines the organization's tolerance, which helps guide what risks to mitigate, but doesn't provide the detailed impact information needed for prioritization among many identified risks.

A Business Impact Assessment (BIA) quantifies the potential financial, operational, and reputational damage to the organization resulting from an adverse event or risk. By understanding the direct and indirect consequences of a risk materializing, organizations can prioritize mitigation strategies to protect the most vital business functions and assets.