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The analysis of a situation to determine the level of risk inherent in that situation is called?
risk assessment
What is the analysis of a situation to determine the level of risk inherent in that situation is called?
risk assessment
What the definition of risk situation?
Research the terms risk
What is risk-benefit analysis?
Risk-benefit analysis is the comparison of the risk of a situation to its related benefits
Is it better to prioritize less risk or greater safety in this situation?
In this situation, it is better to prioritize greater safety over less risk.
The first step in making risk decisions is to?
Understand the situation the risk refers
What is benefit analysis?
Risk-benefit analysis is the comparison of the risk of a situation to its related benefits
What is mean risk?
The work risk means that there is a chance of being exposed to danger. When a situation is not completely safe, there is risk involved.
What is the difference between risk behavior and risk situation?
Risk behavior refers to actions or activities that increase the likelihood of potential harm or negative consequences. On the other hand, risk situation refers to circumstances or environments that expose individuals to potential danger or harm. Risk behavior involves individual choices and actions, while risk situation relates to external factors that may increase the likelihood of harm.
What is the definition of a risk?
a situation involving exposure to danger
What does risk assessment?
Risk assessment is a step in a risk management process. Risk assessment is the determination of quantitative or qualitative value of risk related to a concrete situation and a recognized threat.
Differences between pure risk and speculative risk?
pure risk is the a situation in which there is a possibility of loss or no loss while speculative risk thereeither profit or loss
