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Exam CBAP topic 1 question 274 discussion

Actual exam question from IIBA's CBAP
Question #: 274
Topic #: 1
[All CBAP Questions]

Which of the following techniques involves attempting to make and numerically determine the probability of various adverse events and measuring the likely extent of the losses?

  • A. Risk analysis
  • B. Qualitative risk analysis
  • C. Risk assessment
  • D. Quantitative risk analysis
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Suggested Answer: D 🗳️

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Nobita135
2 months, 4 weeks ago
Selected Answer: D
Quantitative risk analysis involves numerically determining the probability of various adverse events and measuring the potential extent of losses. This technique uses statistical models, data, and numerical methods to evaluate risks in terms of likelihood and impact, often resulting in monetary values or probabilities.
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