Podcast
Questions and Answers
Risk evaluation is an objective process that determines the level of risk with absolute certainty.
Risk evaluation is an objective process that determines the level of risk with absolute certainty.
False (B)
Cultural factors can influence the acceptability of a risk.
Cultural factors can influence the acceptability of a risk.
True (A)
The process of determining acceptable risk is unrelated to management strategies.
The process of determining acceptable risk is unrelated to management strategies.
False (B)
Experience does not impact how individuals evaluate risks.
Experience does not impact how individuals evaluate risks.
Acceptable risk can be influenced by current events.
Acceptable risk can be influenced by current events.
Flashcards
Risk Evaluation
Risk Evaluation
A process of judging if a risk is high or low and deciding whether to proceed or take actions to reduce it.
Acceptable Risk
Acceptable Risk
The level of risk that is considered tolerable or acceptable by an organization or individual.
Factors Affecting Risk Acceptance
Factors Affecting Risk Acceptance
The acceptability of risk can change based on factors like cultural norms, past experiences, available resources, and management decisions.
Subjective Risk Evaluation
Subjective Risk Evaluation
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Risk Mitigation Measures
Risk Mitigation Measures
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