BUISENESS MANAGEMENT
BUSINESS PLANNING
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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is a condition, property or situation with the potential for loss
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Risk is a function of the probability of contact with (or exposure to) a hazard
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Risk evaluation of identified hazards taking into account the existing controls and defenses
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Risk assessment of hazards identified through a review of the potential unsafe-acts
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Detailed explanation-1: -Hazard is defined as the probability of suffering harm or loss. Explanation: Risk is the probability of suffering harm whereas hazard is a potential source of harm. 5.
Detailed explanation-2: -A hazard is any source of potential damage, harm or adverse health effects on something or someone. Basically, a hazard is the potential for harm or an adverse effect (for example, to people as health effects, to organizations as property or equipment losses, or to the environment).
Detailed explanation-3: -A hazard is a dangerous phenomenon, substance, human activity or condition. It may cause loss of life, injury or other health impacts, property damage, loss of livelihoods and services, social and economic disruption, or environmental damage.