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Questions and Answers
What is the relationship between peril, hazard, and risk?
What is the relationship between peril, hazard, and risk?
What differentiates a physical hazard from other types of hazards?
What differentiates a physical hazard from other types of hazards?
In the context of building materials, how can wood be classified as a hazard?
In the context of building materials, how can wood be classified as a hazard?
What type of hazard involves factors like resources, sovereignty, and political instability?
What type of hazard involves factors like resources, sovereignty, and political instability?
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Which of the following is a correct example of a peril?
Which of the following is a correct example of a peril?
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What is the reason for the peril of explosion in a building in Yemen according to the text?
What is the reason for the peril of explosion in a building in Yemen according to the text?
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Which type of Hazard is caused by an evil tendency like dishonesty or lack of integrity?
Which type of Hazard is caused by an evil tendency like dishonesty or lack of integrity?
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What is considered a Morale Hazard according to the text?
What is considered a Morale Hazard according to the text?
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According to the Principle of large number, what happens to risk when the number of exposures increases?
According to the Principle of large number, what happens to risk when the number of exposures increases?
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What relationship does the text describe between probability to lose and objective risk?
What relationship does the text describe between probability to lose and objective risk?
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Study Notes
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Description
Test your knowledge on the differences between peril, hazard, and risk. Identify the general causes, reasons, and outcomes of damage or loss in various scenarios.
