Final answer:
The risk factor approach can be used to identify areas of high risk in an organization by assessing different factors that contribute to the risk.
Step-by-step explanation:
The risk factor approach can be used to identify areas of high risk in an organization by assessing different factors that contribute to the risk. For example, in the field of epidemiology, risk factors such as smoking can be measured and compared to evaluate their impact on health conditions like cardiovascular disease. Similarly, in insurance markets, risk groups are classified based on factors like previous accidents to determine insurance premiums.