it is risk that affect only an individual e.g robbery
No, a risk assessment is for a particular place and process.
The insurer
The insurer
Precautions
Name at least two particular products or services that are at higher risk of causing cognitive dissonance. Why?
Fundamental risk is a risk that affects large population for eg natyral calamities and disasters like Earthquake, Floods while Particular risks are the risks faced by indivdual or a small group of individuals such as a motor accidents, personal injuries
Precautions
Entrepreneurs take a risk by trying to be the first in a particular field or with a particular project. These people are often responsible for generating all of the money required to start the project or business.
Precautions
A risk register is used in project management for assessing the risks involved in a particular situation it includes the risk probability, impact and measures taken to counteract the risk. It is also known as the risk log.
A primary advantage associated with holding a diversified portfolio of financial assets is the reduction of risk. The relevant risk a particular stock would contribute to a well-diversified portfolio is the stock.
The risk management strategy that involves completely removing the sources of a particular risk or distancing the organization or individual from the risk is known as risk avoidance. This approach seeks to eliminate the potential for risk by avoiding activities or scenarios that could lead to negative outcomes. By opting for risk avoidance, organizations can protect themselves from potential harm or loss associated with specific risks.