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What does the term acceptable risk?
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.
What is a risk acceptance decision in composite risk management?
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.
What is a risk acceptable decision?
A decision based on what constitutes an acceptable level of risk
What does culturally-acceptable mean?
How does the term relate to contemporary Native American health care?
What does culturally acceptable mean?
How does the term relate to contemporary Native American health care?
What is a risk acceptance risk?
A decision based on what constitutes an acceptable level of risk
What does the term initial risk mean for hazards?
The risk for a hazard before controls are put in place
What type of risk is acceptable in risk management?
A necessary risk with benefits that outweigh the costs
What does the term risk mean for hazard?
Because usually when you take a risk, the risk is something hazardous or something that can cause you harm.
What term does residual risk mean?
It is the possibility of a remaining risk when all other risks have been eliminated
What does the term risk mean in the CRM process?
Risk that remains after all controls have been identified and selected
What types of risk is acceptable in the risk management process?
A necessary risk with benefits that outweigh the costs
