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Which of the following is the MOST significant benefit of using quantitative risk analysis instead of qualitative risk analysis?
Correct Answer: C
Quantitative risk analysis provides numerical values for likelihood and impact, thereby reducing subjectivity. It enables risk practitioners to perform cost-benefit analysis and make data-driven decisions. Though time- consuming, its objectivity is its major advantage over qualitative methods. Reference:CRISC Manual - Domain 2, Slide 186-187