Risk Assessment Basics
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Questions and Answers

Risk evaluation is solely based on quantitative data.

False (B)

Risk acceptance remains constant regardless of culture and current events.

False (B)

Identifying threats is an essential part of risk characterization.

True (A)

Determining whether a risk is acceptable can lead to the implementation of risk mitigation measures.

<p>True (A)</p> Signup and view all the answers

Risk characterization only involves identifying hazards but does not include assessing work activities.

<p>False (B)</p> Signup and view all the answers

Flashcards

Risk Evaluation

The process of judging how serious a risk is - high or low - and deciding if it's okay to take the risk or if measures need to be taken to reduce it.

Acceptable Risk

How much risk is 'acceptable' depends on factors like what people in the area are used to, how much experience they have, what resources they have available, who is in charge, and even what's happening in the world at the time.

Risk Characterization

A way to understand a specific risk, involving clearly describing the work tasks, identifying potential dangers, recognizing any threats involved, and ultimately calculating the level of risk.

Risk Evaluation

Determining how serious a risk is and whether it's okay to take the risk or if measures need to be taken to reduce it.

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Risk Evaluation and Risk Acceptance

This concept is directly connected to "Risk Acceptance".

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