What term describes the estimation of damage that a negative risk can achieve or the opportunity cost resulting from that risk?

The term that accurately describes the estimation of damage a negative risk can achieve or the opportunity cost associated with that risk is "Magnitude of Impact." This concept reflects the significance of the potential impact that a risk may impose on an organization's assets, operations, or overall objectives.

In risk management, understanding the magnitude of impact allows organizations to prioritize risks effectively, enabling them to allocate resources appropriately and make informed decisions. By assessing how severely a negative event might affect the organization, stakeholders can better prepare response strategies and mitigation efforts. This assessment is essential in ensuring that resources are invested where they are most needed to minimize the consequences of risks.

The other terms relate to different aspects of risk assessment. For instance, "Single Loss Expectancy" pertains to the expected monetary loss every time a risk event occurs, "Exposure Factor" describes the percent of asset value lost when a risk event occurs, and "Likelihood of Threat" evaluates how probable it is that a threat will exploit a vulnerability. Each of these terms plays a role in risk management but does not directly pertain to estimating the overall impact of a negative risk in the way that "Magnitude of Impact" does.