Which statement accurately describes the difference between a quantitative and a qualitative risk analysis?
A.
Quantitative risk analysis attempts to determine numeric values for risk that is based on a number of factors, such as
impact, duration, and asset value. A qualitative approach assigns a subjective rating to each risk that typically is based on
past experience or consultant opinion.
B.
Qualitative risk analysis attempts to determine numeric values for risk that is based on a number of factors, such as
impact, duration, and asset value. A quantitative approach assigns a subjective rating to each risk that typically is based
on past experience or consultant opinion.
C.
Both quantitative and qualitative risk analyses determine numeric values for risk.
However, a quantitative risk
analysis focuses on objective information, whereas a qualitative approach focuses on subjective information.
D.
Both quantitative and qualitative risk analyses determine numeric values for risk.
However, a quantitative risk
analysis focuses on subjective information, whereas a qualitative approach focuses on objective information.