Answer: Option (B) is correct.
Step-by-step explanation:
Risk can be perceived as the subjective decision an individual makes in accordance with the severity and probability of that and thus may vary from individual to individual. It can also be referred to as the circumstances under which a probability of occurrence of the risk and also its impact can be evaluated.
It can be referred to as an influence that affects strategy further caused by a condition that hinders a positive change in quality excellence.