Which term represents the probability that something will occur?

Which term represents the probability that something will occur?

• A. Hazard
• B. Incident
• C. Likelihood
• D. Impact

Answer: (C)

Probability that something will occur is captured by the term likelihood. It describes how likely an event is to happen within a given context or timeframe. In risk management, you often evaluate risk as a combination of how probable the event is (likelihood) and how severe the consequences would be (impact). A higher likelihood means the event is expected to occur more often, guiding where to focus controls. This concept is distinct from a hazard (a source of potential harm), an incident (the event that occurs), and impact (the severity of the outcome).

Probability that something will occur is captured by the term likelihood. It describes how likely an event is to happen within a given context or timeframe. In risk management, you often evaluate risk as a combination of how probable the event is (likelihood) and how severe the consequences would be (impact). A higher likelihood means the event is expected to occur more often, guiding where to focus controls. This concept is distinct from a hazard (a source of potential harm), an incident (the event that occurs), and impact (the severity of the outcome).