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What is risk-benefit analysis?
Risk-benefit analysis is the comparison of the risk of a situation to its related benefits
What is the purpose of getting a fire risk assessment?
A fire risk assessment is the best way to assess the risk of having a fire in your home, or business. Inspectors can detail any existing, and potential future fire hazards, saving the company property damage, and possibly saving lives.
What is risk assessment decision?
Risk assessment is a process of understanding types of bad things that could occur, likely-hood of those bad things to occur and gravity of the effects. Risk assessment decision helps to lower risk as much as possible. Sometimes the risk will be acceptable and in other circumstances risk must change to accept. To reduce risk, action must be taken to manage it. These actions taken to reduce the impact must provide more benefit than it costs. They must be acceptable by the stakeholders.
What is meant by the term contingency approach and describe how practicing managers can benefit by using it?
This is basically the function of Risk Management. Simply peruse the many available resources for information related to Risk Management. I use the Risk Management forms from Engage.support-port.com to continuously identify, catalog, and mitigate risks. A risk is rated by priority. High priority risks need contingencies to prevent cost burdening outcomes.
The risk management model includes risk planning risk identification risk handling and risk monitoring.?
risk planning, risk identification, risk handling, risk monitoring
What is risk-benefit analysis?
Risk-benefit analysis is the comparison of the risk of a situation to its related benefits
What is the difference between a risk and a benefit?
a risk is taking a chance and a benefit is benfiting from it
What is benefit analysis?
Risk-benefit analysis is the comparison of the risk of a situation to its related benefits
The southeaster and managing the risk of fire?
it is about fire
What are the risk and benefits of radiation?
Benefit: It can cook your food. Risk: It can cook your eyes.
What is a risk and benefit analysis?
A risk benefit analysis simply means to compare the risks and benefits that a given activity will yield. The purpose is to essentially determine if an activity as "worth it".
What is a risk you accept in order to gain a benefit?
Trade-off
What is one benefit and one risk of biotechnology?
i need help
What is fire hazards in rubber industry?
risk of fire in rubber industry
What are some of the benefits of an electric fire place as compared to a traditional one?
The biggest benefit of an electrical fireplace is the lowered risk of a fire. A traditional fireplace has a real flame, whereas an electrical fireplace does not. An electrical fireplace does not require firewood, can be moved easily, and does not require a chimney.
What is the purpose of getting a fire risk assessment?
A fire risk assessment is the best way to assess the risk of having a fire in your home, or business. Inspectors can detail any existing, and potential future fire hazards, saving the company property damage, and possibly saving lives.
Reducing your risk of chronic disease is what type of health benefit?
Physical
