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GAQM ISO-31000-CLA Exam - Topic 5 Question 34 Discussion

New definition of risk under ISO 31000 and 31010 is:
D) Probability of an event that will have an impact on objectives
A) Danger that injury, damage, or loss will occur
B) Possibility of investment loss
C) Probability of loss to an insurer

GAQM ISO-31000-CLA Exam - Topic 5 Question 34 Discussion

Actual exam question for GAQM's ISO-31000-CLA exam
Question #: 34
Topic #: 5
[All ISO-31000-CLA Questions]

New definition of risk under ISO 31000 and 31010 is:

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Suggested Answer: D

According to ISO/IEC Guide73 (2009), clause 1., risk is defined as ''the effect of uncertainty on objectives''. This definition applies to both ISO/IEC Guide73 (2009) and ISO31000 (2018), which are standards for risk management terminology and principles respectively.


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Rozella
19 hours ago
I’m not entirely sure, but I feel like the definition of risk has to encompass more than just financial loss, so maybe it’s not B or C.
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Wayne
6 days ago
I think I remember that ISO 31000 focuses on risk in relation to objectives, so I’m leaning towards D.
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