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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 relative risk refer to?
In Statistics and Mathematical Epidemiology the term Relative Risk refers to the risk of an occurrence ( or evolving disease) associated to being unprotected. Relative Risk is a rate of the likelihood of the occurrence happening in the exposed group compared to the non-exposed group.
What is initial temperature mean?
It is the temperature at the start of the experiment.
What is residual risk mean in composite risk management process?
Risk that remains after response to ridentified risk is planned/selected
What does the term residual risk mean in the composite risk management process?
"The residual risk is the risk or danger of an action or an event, a method or a (technical) process that, although being abreast with science, still conceives these dangers, even if all theoretically possible safety measures would be applied (scientifically conceivable measures)"Basically it means that it's the risk that remains once you've done everything you could in order to cancel out risk.
What does the term initial risk mean for hazards?
The risk for a hazard before controls are put in place
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 does the term risk mean in the CRM process?
Risk that remains after all controls have been identified and selected
What term does residual risk mean?
It is the possibility of a remaining risk when all other risks have been eliminated
What the term residual risk mean in the CRM process?
Risk that remains after all controls have been identified and selected
What does term residual risk mean in crm process?
Risk that remains after all controls have been identified and selected
What does the term acceptable risk mean?
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 another term for market risk?
another term for market risk is non-diversifiable risk.
What does the term 'compliance risk' mean?
'Compliance risk' means the risk of material financial loss, legal liability, or loss of reputation to a business as a result of its failure to comply with the law.
What are short term effects on drugs?
Sensory distortionPanicAnxietyPoor coordination of movementLowered reaction timeAfter an initial "up," the user feels sleepy or depressedIncreased heartbeat (and risk of heart attack)
What are initial risk ratings?
Initial risk ratings are a way to evaluate and categorize the level of risk associated with a particular project, investment, or activity at the beginning stages. These ratings can help stakeholders understand the potential threats, uncertainties, and vulnerabilities that may impact the success of the endeavor. By assessing and assigning an initial risk rating, organizations can develop appropriate risk management strategies to mitigate or address these potential risks.
What does the term residual risk mean in CRM?
A residual What_does_residual_risk_mean_in_the_CRM_processis the remains of a risk on which a response has been performed.As part of CRM you are managing some risk, for which you will have some risk response or strategy. A residual risk is the reminder of the risk that remains after you have implemented a risk responseRead more: What_does_residual_risk_mean_in_the_CRM_process
