Which hazard probability category encompasses hazards that are unlikely to occur but are still possible?

The correct category for hazards that are unlikely to occur but still possible is categorized as "D." In the context of Operational Risk Management, this classification is vital for assessing risks associated with various activities. Category D represents a low probability of occurrence, indicating that while there is a chance for these hazards to happen, it is not anticipated to be frequent or likely.

Recognizing and categorizing such hazards is important for risk mitigation strategies, allowing personnel to focus resources on more probable and severe risks while still being aware of lesser likelihood issues. This classification supports a balanced approach to risk management, ensuring that all potential risks are accounted for, even those with a low probability of occurrence.