How does the Business Continuity Institute define the objective of risk evaluation and control?

How does the Business Continuity Institute define the objective of risk evaluation and control?

Question 1
How does the Business Continuity Institute define the objective of risk evaluation and control?

Question 2
Match the each of the following actions, whether good or bad, to the risk management approach that
action exemplifies:

Question 3
What is a commonly accepted formula for determining and ranking risk from most serious to trivial in
terms of probability of occurrence and overall impact to the business. State your answer as an algebraic
equation and define the terms used in the equation to compute the answer.

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