medium
Single Answer
How is likelihood measured in qualitative risk assessments?
Answer Options
A
A scale like high, medium, low
B
A numeric scale from 0 to 1
C
By calculating loss events per year
D
A numeric scale from 1 to 100
Correct Answer: A
Explanation
Qualitative risk assessments measure likelihood on a descriptive scale like high, medium, or low. Quantitative assessments measure likelihood on a numeric scale using known event occurrence rates where possible.