API 580 Practice Questions - API 580 Risk Based Inspection Professional Exam

Per API RP 580, relative risk is best described as which of the following?

An ideal and accurate description and quantification of risk The comparative risk of a facility, process unit, system, equipment item, or component compared to others Risk expressed only in monetary units for financial loss Risk that has been fully mitigated to an acceptable level

Correct Answer:

The comparative risk of a facility, process unit, system, equipment item, or component compared to others

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