MANAGEMENT

Detailed explanation-1: -Risk assessment involves looking at all aspects of a business and determining possible risks. Electronic devices and security guards are the only steps you can take to prevent or reduce shoplifting. Although a few employees are hardworking and honest, most will try to take things from your business.

Detailed explanation-2: -A risk assessment is the process of identifying, understanding and evaluating potential hazards in the workplace concerning the day-to-day running of a company.

Detailed explanation-3: -A risk assessment is a process to identify potential hazards and analyze what could happen if a hazard occurs. A business impact analysis (BIA) is the process for determining the potential impacts resulting from the interruption of time sensitive or critical business processes. There are numerous hazards to consider.

Detailed explanation-4: -The risk assessment process consists of four parts: hazard identification, hazard characterization, exposure assessment, and risk characterization.

Detailed explanation-5: -There are three types of risk assessments, baseline, issue-based and continuous risk assessments.