The combination of Boxes #2 and #7 determines which of the following?

The combination of Boxes #2 and #7 is integral to determining risk within the FAIR framework. In this context, Box #2 typically represents the potential loss event frequency, which reflects how often a loss could occur. Box #7 generally refers to the probable loss magnitude, indicating how severe the impact would be if such an event occurred.

When these two components are combined, they provide a holistic view of risk. Risk is essentially a function of both the likelihood of loss events and the magnitude of those losses. By understanding how often events are likely to happen and the potential impact of those events, organizations can effectively gauge their risk exposure.

This approach to quantifying risk enables decision-makers to prioritize security investments and manage resources more effectively. The emphasis is on understanding the dynamic between these factors rather than isolating them, which is crucial for effective risk management. Thus, the combination of these two boxes accurately leads to an assessment of risk, making that the correct answer.