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Qualitative risk analysis can use descriptive ratings such as High, Medium, and Low.

Answer

true

Explanation

### Why this is right Qualitative analysis expresses risk using descriptive categories rather than requiring numerical estimates. High, Medium, and Low are examples of such ratings. ### The concept Qualitative and quantitative methods represent risk differently. Qualitative ratings support structured comparison using categories, while quantitative analysis uses numbers and may include loss estimates and occurrence rates. ### Terms - **Qualitative analysis**: risk analysis using descriptive categories rather than numerical estimates. - **Quantitative analysis**: risk analysis using numerical estimates. ### Remember Descriptive labels are qualitative; numerical estimates are quantitative.

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