BUISENESS MANAGEMENT
RISK MANAGEMENT
|
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
|
|
|
is a condition, property or situation with the potential for loss
|
|
|
Risk is a function of the probability of contact with (or exposure to) a hazard
|
|
|
Risk evaluation of identified hazards taking into account the existing controls and defences
|
|
|
Risk assessment of hazards identified through a review of the potential unsafe-acts
|
Detailed explanation-1: -A hazard is a source or a situation with the potential for harm in terms of human injury or ill-health, damage to property, damage to the environment, or a combination of these.
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: -Hazardous condition means any condition that could adversely affect the safety of any vessel, bridge, structure or shore area or the environmental quality of any port, harbor, or navigable water of the United States.
Detailed explanation-4: -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.
Detailed explanation-5: -risk. noun. : possibility of loss or injury. : liability for loss or injury if it occurs.