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What is the role of likelihood and impact in measuring the effect of uncertainty on...

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What is the role of likelihood and impact in measuring the effect of uncertainty on objectives?

A.

Likelihood measures the chance of an event occurring, and impact measures the economic and non-economic consequences

B.

Likelihood measures the number of obstacles, and impact measures the number of opportunities

C.

Likelihood measures the financial gain, and impact measures the financial loss

D.

Likelihood and impact are irrelevant in measuring the effect of uncertainty

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