Which of the following terms best describes tools to assess risks?

The term that best describes tools to assess risks is "risk indicators." Risk indicators are metrics or data points that provide insight into the potential impact or likelihood of risks occurring. They help organizations monitor their risk environment and identify areas that may require further attention or deeper analysis.

Risk indicators typically serve as early warning signals to inform stakeholders about changing conditions that could influence risk levels. By analyzing these indicators, organizations can make more informed decisions, prioritize resources effectively, and enhance their overall risk management strategies.

Other terms listed, while related to risk management, do not specifically refer to tools used for assessment. Risk factors pertain more to the underlying causes of risk, shock absorbers generally relate to mechanisms that mitigate the impact of risks, and mitigation strategies involve actions taken to reduce the probability or impact of identified risks. These concepts are integral to risk management but do not function as assessment tools in the same way that risk indicators do.