Question $8(2\mathrm{.}5$ points$)$

Your client has engaged your firm's risk advisory services to assist it with describing risk affecting their organization. The best description of risk.would most likely be$?$

Question $8$ options:

$1)$

The estimation of damage that could be caused

$2)$

The estimated probability of occurrence

$3)$

The high$-$level business area or department

$4)$

The likelihood of an unfavorable event occurring