An acceptable risk is a risk that you are willing to take. If you cross the street, you might be hit by a car, but most people are willing to cross the street anyway. The risk is acceptable.
An acceptable risk is a risk that you are willing to take. If you cross the street, you might be hit by a car, but most people are willing to cross the street anyway. The risk is acceptable.
Risk acceptance in composite risk management is a determination of what is an acceptable risk. One needs to determine what loss is acceptable and what loss is probable to determine if the loss is an acceptable risk.
A decision based on what constitutes an acceptable level of risk
How does the term relate to contemporary Native American health care?
How does the term relate to contemporary Native American health care?
A decision based on what constitutes an acceptable level of risk
The risk for a hazard before controls are put in place
A necessary risk with benefits that outweigh the costs
Because usually when you take a risk, the risk is something hazardous or something that can cause you harm.
It is the possibility of a remaining risk when all other risks have been eliminated
Risk that remains after all controls have been identified and selected
A necessary risk with benefits that outweigh the costs