CCF Wk 5 Risk Magnitude in Risk Mitigation Organizational Threats Discussion

Question Description

I’m trying to study for my Health & Medical course and I need some help to understand this question.

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Controlling and preventing loss is a critical goal of risk management. Hopkin discusses two terms – likelihood and magnitude – that relate to this goal. Select one of these terms and briefly describe how it may be taken into consideration when to successfully mitigate loss.