According to the Engineering Definition of Risk, It Holds That

Multiple Choice

According to the engineering definition of risk, it holds that a risk is

A) an unwanted event that may or may not occur.
B) the probability that an event will occur multiplied by some appropriate measure of the consequence of that event.
C) the probability that an event will occur multiplied by the monetary value (usually measured in US dollars) of that event.
D) a quantitative entity defined in the design code applicable to a project.