Risk maps are used in companies’ enterprise risk management system because risk maps
Risk maps are used in companies’ enterprise risk management system because risk maps
A . provide a quantitative tool that measures the probability of occurrence and the potential impact to calculate a potential loses
B. rank risks.
Based on the potential loss that could occur it a risk were to materialize
C. are a generic set of risks for the company’s industry that can then be used as a foundation for further risk-identification techniques to specify the risks relevant for the company.
D. compares the impact of a risk and the likelihood of occurrence to provide a qualitative assessment of the risk
Answer: D
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