Risk formulation generally begins with the likeliness of an event’s occurrence, the harm it may cause and is usually denoted as Risk = ∑(events)X (Probability of occurrence) X?

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Risk is defined as the probability of the occurrence of an incident.

Risk formulation generally begins with the likeliness of an event’s occurrence, the harm it may cause and is usually denoted as Risk = ∑(events)X (Probability of occurrence) X?
A . Magnitude
B . Probability
C . Consequences
D . Significance

Answer: A