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a risk is taking a chance and a benefit is benfiting from it

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What is an optimum conditions?

the balance between benefit and cost with the largest difference.


What is the difference between commensalism and mutualism?

The Difference between mutualism And commensalism is that mutualism is a relationship between two species in which both species benefit and Commensalism is a relationship between two organisms in which one organism benefits and the other is unnaffected.


What is a benefit of nuclear fussion?

There is a lower risk of runaway chain reactions.


The difference between formal and informal risk assessment?

Formal risk assessment involves a systematic and structured process to evaluate risks using quantitative data and analysis, while informal risk assessment relies more on subjective judgments and qualitative information. Formal risk assessment typically follows a standardized methodology and involves detailed documentation, whereas informal risk assessment may be more flexible and quick to conduct. Formal risk assessment is usually more rigorous and suitable for complex or high-stakes situations, while informal risk assessment can be quicker and more suitable for simpler or everyday situations.


What is the difference between a perceived risk and an actual risk?

A perceived risk is a risk in which one thinks of that might happen before commiting an action involving that risk. An actual risk is a risk that has a better likelihood of happening. For example, getting a splinter is a perceived risk while walking barefoot. However, an actual risk is a car crash.

Related Questions

What does profit?

Profit means the difference between revenues and expenses. This left over amount is the business owner's reward for the risk they took in undertaking the business.


What is Difference between wholesaler and retailer on the basis risk?

what is Difference between wholesaler and retailer on the basis risk?


What's the difference between a pension and a 401k?

The biggest difference between a 401(k) plan and a traditional pension plan is the distinction between a defined benefit plan and a defined contribution plan. Defined benefit plans, such as pensions, guarantee a given amount of monthly income in retirement and place the investment risk on the plan provider.


What is difference between constraint an risk?

A constraint is a limitation that is visible and present. The difference between a constraint and risk is that a risk is problem that is not yet seen, or a potential problem.


What are the difference between political risk and country risk?

they are the same


What is the difference between transaction risk and economic risk?

Transaction is bank risk


What is the difference between symbiosis and mutualism?

the difference is is that symbiosis could either be 1 or both organisms benefit but both organisms must benefit for it to be a mutualism.


What is the difference in risk assumed between participating and non-participating policies?

What risk? Assumed by who?


What is the difference between mitigation and remediation?

Reduce the impact of risk is MitigationRemoval of risk is Remediation


What is the difference between a 'policy' and a 'framework' specifcally in the context of risk management?

What is the difference between Education framework and plicy.


What is risk-benefit analysis?

Risk-benefit analysis is the comparison of the risk of a situation to its related benefits


What is an optimum conditions?

the balance between benefit and cost with the largest difference.