MANAGEMENT

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BUISENESS MANAGEMENT

RISK MANAGEMENT

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
The new safety and health manager has noticed that the department has a relatively high frequency of back injuries. In an attempt to prevent these injuries and minimize the risks, the manager is examining the injury process as a series of interruptible events. The manager notices that injuries are exacerbated because injured fire fighters are reluctant to ask for help. This is an example of the ____ factor in the accident sequence.Page 55
A
human
B
accident
C
social environment
D
injury
Explanation: 

Detailed explanation-1: -Risk Management-is the identification, evaluation, and prioritization of risks followed by coordinated and economical application of resources to minimize, monitor, and control the probability or impact of unfortunate events or to maximize the realization of opportunities.

Detailed explanation-2: -Assessing the risk level is usually done using a risk matrix. Most organisations use a simple risk matrix like the one below which displays a range of likelihoods and consequences on the vertical and horizontal axis. The matrix allows the risk level to be read directly off the meeting point of both axes.

Detailed explanation-3: -Risk analysis – a process for comprehending the nature of hazards and determining the level of risk.

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