Final answer:
The two scales of a risk severity matrix are Impact and Cost, which help organizations to prioritize risks for more informed decision-making. The correct answer is C.
Step-by-step explanation:
The two scales of a risk severity matrix measure Impact and Cost.
This tool is used in various fields, including business, project management, and environmental studies, to evaluate potential risks involved in a process or decision.
It allows organizations to prioritize risks based on their impact on the project or operation and their associated costs, facilitating more informed decision-making.
The risk severity matrix helps in identifying which risks require immediate attention and which may be considered as lower priority. The correct answer is C.