BUISENESS MANAGEMENT
RISK MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Natural Risk
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Human Errors
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Competition
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Reputation Damage
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Detailed explanation-1: -Examples of what are a hazard and risk HAZARD: A hot-tempered supervisor screaming at staff. RISK: A mental health issue for a staff member. HAZARD: An extension cord running across a frequently used hallway. RISK: A trip and possible injury resulting.
Detailed explanation-2: -Natural hazards can be classified into several broad categories: geological hazards, hydrological hazards, meteorological hazards, and biological hazards.
Detailed explanation-3: -Natural events, such as volcanic eruptions or earthquakes that occur away from humans and properties, are not considered natural hazards. They are considered natural hazards when they happen close to human populations and property. Hazard risk is the probability or chance that a natural hazard may take place.