RMIN 4000 UGA Test 1 Questions and Answers 100% Correct
RMIN 4000 UGA Test 1 Questions and Answers 100% Correct RMIN 4000 UGA Test 1 Questions and Answers 100% Correct What is risk? - ANSWER-a calculated possibility of a negative outcome What is calculated possibility? - ANSWER-a probabilistic outcome that is known or estimated (ranges from 0% to 100%) What is a negative outcome? - ANSWER-a loss that must be quantifiable What is frequency? - ANSWER-how often a loss occurs (frequency= number of losses / number of exposures)
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