BUISENESS MANAGEMENT
RISK MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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What do we consider in assessing a risk?
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Causes of the risk
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Impact of the risk
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Likelihood of the risk occuring
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Controls in place to address the risk
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All the above
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Explanation:
Detailed explanation-1: -In general, to do an assessment, you should: Identify hazards. Determine the likelihood of harm, such as an injury or illness occurring, and its severity. Consider normal operational situations as well as non-standard events such as maintenance, shutdowns, power outages, emergencies, extreme weather, etc.
Detailed explanation-2: -The risk assessment process consists of four parts: hazard identification, hazard characterization, exposure assessment, and risk characterization.
Detailed explanation-3: -Identify the hazards. Decide who might be harmed and how. Evaluate the risks and decide on control measures. Record your findings and implement them.
There is 1 question to complete.