Question

For the purpose of making relative risk assessments, we can say that ____________________ equals the likelihood of a vulnerability occurring times the value (or impact) of that asset to the organization minus the percentage of risk that is already being controlled plus an element of uncertainty.

Answer 1

The correct word for the blank space is: risk.

Step-by-step explanation:

Risk is something that most investors try to avoid. The riskier an asset is, the more return it should make up for taking the risk. Investment risk is measured through something called the Standard Deviation. It is a calculation of how high and low an asset's price falls compared to its average price.

For easier understanding and assessment, risk can also be defined as the vulnerability of the asset on changes over the time it is under possession -time horizon- minus the risk the asset currently has. Uncertainty should be added, as well.

Answer 2

Risk

Step-by-step explanation:

Risk is defined as the likelihood that someone might suffer some adverse health condition on exposure to hazards. Risk are classified based on the rate of harm it could lead to while considering frequency of exposure and the number of people exposed.

Control measures to reduce the effect of risk includes engineering Control, isolating of hazards, elimination of hazards, substitute the hazard with lesser risk, adopting administrative control.