Risk Management and SOP Practice Test 2026 - Free Risk Management Practice Questions and Study Guide

In risk management, the classification of risk levels is often determined by assessing both the probability of occurrence and the severity of impact associated with a hazard. When a hazard has frequent probability, it means that the event is likely to occur regularly. However, if the associated severity is negligible, this indicates that while the event happens often, its consequences are minimal or minor.

The correct response indicates a risk level characterized by the combination of frequent occurrence and negligible severity. This aligns with a framework in risk assessment where such a scenario would typically be classified as "High." The "High" risk level suggests that, due to the frequent nature of the hazard, there is a significant chance of it occurring, thereby making it a priority in management and mitigation efforts despite its low severity.

In contrast, options that suggest "Moderate," "Low," or "Minimal" would not accurately capture the combination of frequent probability with negligible severity, as these classifications generally reflect either a balance of lower probability and/or higher severity or a complete absence of concern. Thus, the understanding of the probability and severity relationship is crucial in identifying the correct risk assessment.