(Exposure to) the possibility of loss, injury, or other adverse or unwelcome circumstance; a chance or situation involving such a possibility, is the definition of .......
Correct Answer: C
This definition corresponds to the formal definition ofriskused in ISO 31000 and ISO 55000. It highlights the potential for deviation from expected outcomes, which can be both negative and positive, although traditionally associated with adverse events. Exact Extract from ISO 55000:2014, Clause 3.2.21 - Risk: "Risk: Effect of uncertainty on objectives."
