MANAGEMENT

Detailed explanation-1: -Definition:: the act or fact of doing something that involves danger or risk in order to achieve a goal Starting a business always involves some risk-taking.

Detailed explanation-2: -hazard. verb. formal to risk something, especially in order to gain something else.

Detailed explanation-3: -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-4: -involving the possibility of danger, harm, or failure.

Detailed explanation-5: -Risk taking is any consciously or non-consciously controlled behavior with a perceived uncertainty about its outcome, and/or about its possible benefits or costs for the physical, economic or psycho-social well-being of oneself or others.