Risk is define as "a combination of probability and consequences" by whom?

Risk is define as "a combination of probability and consequences" by whom?

• A. Policy makers
• B. Technical experts
• C. Medical officers
• D. Risk managers

Answer: (B)

The main idea tested here is who typically phrases risk as a combination of probability and consequences. In technical risk analysis, risk is quantified as the likelihood of an adverse event occurring multiplied by the severity of its consequences. This approach comes from engineers, safety analysts, and other technical specialists who build probabilistic models, run analyses, and rank risks to guide mitigation. Policy makers often frame risk in terms of governance, policy thresholds, and acceptable levels rather than the mathematical formulation. Medical officers discuss risk in clinical terms focused on patient outcomes, not the probabilistic-consequence calculation. Risk managers use the outputs of technical risk assessments, but the explicit definition—risk equals probability times consequences—originates with technical experts who develop and apply these analytic methods.

The main idea tested here is who typically phrases risk as a combination of probability and consequences. In technical risk analysis, risk is quantified as the likelihood of an adverse event occurring multiplied by the severity of its consequences. This approach comes from engineers, safety analysts, and other technical specialists who build probabilistic models, run analyses, and rank risks to guide mitigation. Policy makers often frame risk in terms of governance, policy thresholds, and acceptable levels rather than the mathematical formulation. Medical officers discuss risk in clinical terms focused on patient outcomes, not the probabilistic-consequence calculation. Risk managers use the outputs of technical risk assessments, but the explicit definition—risk equals probability times consequences—originates with technical experts who develop and apply these analytic methods.