Which of the following statements about qualitative analysis is true?
A. Probability of data is required.
B. It uses annualized loss expectancy to rank events.
C. It is the most widely used approach to risk analysis.
D. The problems associated with this risk analysis are the unreliability and inaccuracy of the data.
Answer: C
Explanation: Qualitative risk analysis is the most widely used approach to risk analysis. In this type of analysis, probability data is not required; instead the estimated potential loss is used.
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