Final answer:
Risk profiling is a process of identifying individual or organizational risk preferences, which in turn directly determines holistic risk mapping, a comprehensive approach to risk assessment.
Step-by-step explanation:
The question asks about the relationship between risk profiling and holistic risk mapping. To clarify, risk profiling is the process of identifying the risk preferences and tolerance levels of an individual or organization. This involves assessing various factors such as financial situation, investment objectives, and psychological risk tolerance. On the other hand, holistic risk mapping is a broader approach that involves identifying, assessing, and prioritizing all possible risks within a system or organization. It looks at the big picture and involves the integration of various risk assessments to form a comprehensive view. Therefore, the correct answer is B) Risk profiling directly determines holistic risk mapping, as the individual risks identified through risk profiling are a vital component of the overall holistic risk mapping process.