A risk assessment team in a Singaporean manufacturing company identifies a hazardous situation. When evaluating the risk using the 5x5 matrix recommended in the Code of Practice on WSH Risk Management, what two factors must the team primarily consider to determine the risk level?
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A
The cost of implementation and the time required for mitigation.
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B
The number of employees exposed and the frequency of the task.
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C
The severity of potential harm and the likelihood of the incident occurring.
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D
The relevant WSH regulations and the availability of personal protective equipment (PPE).