A risk management tool that is divided into three color-coded zones representing High, medium, and low risks is the risk:

Question

BlackTom AI · Accepted Answer

Begin by restating the question in plain terms: a risk management tool that uses three color-coded zones for High, Medium, and Low risks.
Option 1: 'Impact assessment'—While impact assessment is a component of risk analysis, it is not specifically defined by a three-color zone system for high/medium/low risk. This choice describes a broader evaluation of consequences rather than a zoning scheme.
Option 2: 'Risk severity matrix'—This option directly aligns with the described concept. A risk severity matrix is commonly depicted as a grid or color-coded map where risks are categorized into High, Medium, and Low severities, guiding prioritization and response.
Option 3: 'Assessment form'—An assessment form is typically a data collection tool used to gather information about risks, but it does not inherently describe a tri-zone color-coded framework for risk levels. It lacks the explicit three-color zoning concept.
Option 4: 'Responsibility matrix'—This refers to who is responsible for actions (e.g., a RACI chart) and does not pertain to risk level visualization. It’s about accountability, not risk severity categorization.
In evaluating these, the key distinguishing feature is the explicit use of three color-coded zones to represent different risk levels. Option 2 uniquely matches that description as the risk severity matrix, which is a standard method for mapping severity (High, Medium, Low) to a color-coded scale.
Therefore, option 2 is the alignment with the described tool, while the other options fail to capture the tri-zone color-coding mechanism or focus on different aspects of risk management (impact assessment, generic forms, or responsibility accountability).

PJM6015.20760.202525 PJM6015_Week 3_Test Your Knowledge (TYK)

A risk management tool that is divided into three color-coded zones representing High, medium, and low risks is the risk:

View Explanation

Log in for full answers

Similar Questions

What is the risk level associated with an event that has a remote likelihood and critical consequence in a 4x4 Risk Analysis Matrix?

A risk management tool that is divided into three color-coded zones representing High, medium, and low risks is the risk:

An artifact that displays the location of each risk on a Probability/Impact diagram based on its probability and overall impact is called:

In a consumer society, many adults channel creativity into buying things

Economic stress and unpredictable times have resulted in a booming industry for self-help products

People born without creativity never can develop it

A product has a selling price of $20, a contribution margin ratio of 40% and fixed cost of $120,000. To make a profit of $30,000. The number of units that must be sold is: Type the number without $ and a comma. Eg: 20000

Which of the following statement regarding cost is correct:

More Practical Tools for Students Powered by AI Study Helper

Homework AI Solver

Stylized AI Paper Writer

Plagiarism Checker Assistant

Citation AI Academic Writing Tool

In-Class Translation Assistant

AI Note Generator

AI Quiz Answers

Past Exam Questions from University Test Bank

Smart Practice Assistant

Adaptive Practice

Making Your Study Simpler