BACHELOR OF BUSINESS ADMINISTRATION

Detailed explanation-1: -Risk is the chance or probability that a person will be harmed or experience an adverse health effect if exposed to a hazard. It may also apply to situations with property or equipment loss, or harmful effects on the environment.

Detailed explanation-2: -Risk, as defined in insurance, is the possibility of a loss. The obverse of this definition is that risk is the possibility of no loss. If there is no possibility of loss, then there is no risk. Likewise, if loss is a certainty, then again, there is no risk, even if the outcome is undesirable.

Detailed explanation-3: -Risk exposure is the quantified potential loss from business activities currently underway or planned. The level of exposure is usually calculated by multiplying the probability of a risk incident occurring by the amount of its potential losses.

Detailed explanation-4: -Speculative risk is a category of risk that, when undertaken, results in an uncertain degree of gain or loss.

Detailed explanation-5: -If you are exposed to a particular risk or hazard, you are in danger from it.